Interesting to see a fresh catalyst for the AI infrastructure space. Baird just initiated coverage on $CoreWeave, Inc.(CRWV)$ and $NEBIUS(NBIS)$ with Outperform ratings, and both stocks moved around +4% on the call.
The price targets set are $100 for $CoreWeave, Inc.(CRWV)$ and $250 for NBIS.
The core thesis seems to be that AI infrastructure supply is constrained, and operators with solid execution are well-positioned to capture the demand.
For $CoreWeave, Inc.(CRWV)$ , the points highlighted are expanding compute capacity, a proprietary platform, and a strong relationship with Nvidia.
For $NEBIUS(NBIS)$ , it's growing inference demand, a stronger software layer, and expansion driven by acquisitions.
With $Alphabet(GOOG)$ also raising its FY2026 CAPEX guidance, AI infrastructure spending looks to remain a key theme. The market does seem to be giving its signals.
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