Top 10 Software and Technology Stocks to Buy Now

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8. CoreWeave, Inc. (NASDAQ:CRWV)

Number of Hedge Fund Holders: 36

CoreWeave, Inc. (NASDAQ:CRWV) is one of the Top 10 Software and Technology Stocks to Buy Now. Mizuho downgraded the company’s stock to “Neutral” from “Outperform” with a price objective of $150, up from the prior target of $70, as reported by The Fly. The rating change comes after the company’s announcement that it agreed to acquire Core Scientific, combining 2 significant players in the AI infrastructure space.

The firm sees this acquisition positively, noting that it allows CoreWeave, Inc. (NASDAQ:CRWV) to verticalize the infrastructure supply chain while, at the same time, driving significant cost synergies and allowing for more financing flexibility. Mizuho views CoreWeave, Inc. (NASDAQ:CRWV)’s stock as fairly valued at the current levels, with risks around customer concentration. The acquisition accelerates CoreWeave, Inc. (NASDAQ:CRWV)’s strategy to deploy AI and HPC workloads at scale. While this company will gain greater control over a critical power footprint and optionality for future power capacity, Core Scientific’s data center development capabilities tend to complement and augment CoreWeave, Inc. (NASDAQ:CRWV)’s extensive expertise in power procurement, construction, and site management for the infrastructure assets.

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