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

While we acknowledge the potential of CRWV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.