CoreWeave (CRWV) Soars Back: Citi Removes Downside Watch, Upgrades to Buy

CoreWeave, Inc. (NASDAQ:CRWV) is one of the AI Stocks Making Waves on Wall StreetOn July 31, Citi upgraded the stock to Buy from Neutral, citing Microsoft’s robust earnings report.

Analysts led by Tyler Radke upgraded the stock to Buy/High-Risk and also removed its 90-day downside catalyst watch on the company.

“We are upgrading CRWV to Buy/High-Risk and removing our 90-day downside catalyst watch with shares down -45% from the peak and -32% since the M & A announcement. Though we still expect some trading volatility into the lockup expiry starting on August 15th, we come away with a much stronger fundamental view on the demand picture highlighted by MSFT…”

CoreWeave (CRWV) Soars Back: Citi Removes Downside Watch, Upgrades to Buy

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CoreWeave, Inc. (NASDAQ:CRWV) is a cloud platform provider that provides equipment for AI and other computing purposes.

While we acknowledge the risk and potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRWV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.