CoreWeave (CRWV) Partners With NVIDIA for AI Cloud Growth, Truist Initiates Coverage

CoreWeave Inc. (NASDAQ:CRWV) ranks among the 10 best new stocks to buy in Ray Dalio’s portfolio. On January 6, Truist Securities initiated coverage of CoreWeave Inc. (NASDAQ:CRWV) with a Hold rating and a $84 price target. According to the firm, the company continues to maintain a solid partnership with NVIDIA, which Truist considers critical to CoreWeave’s business since it provides access to GPUs. This coincides with CoreWeave’s plans to embed NVIDIA Rubin technology into its AI cloud platform, with delivery scheduled for the latter half of 2026.

Additionally, CoreWeave Inc. (NASDAQ:CRWV) has seen strong demand for its cloud services, with revenue increasing by more than 14 times in fiscal year 2023, over 8 times in fiscal year 2024, and more than 2 times in fiscal year 2025. Despite this growth trend, analyst Arvind Ramnani believes the company’s risk/reward profile is balanced given CoreWeave’s significant leverage and capital expenditure required to run the business.

CoreWeave Inc. (NASDAQ:CRWV) operates a cloud platform that provides scaling, support, and acceleration for GenAI. It builds the infrastructure that supports compute workloads for enterprises.

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Disclosure: None. This article is originally published at Insider Monkey.