CoreWeave Shares Fall 6.84% Despite Cantor’s $176 Price Target
CoreWeave shares were at $64.92, down 6.84%, at 10:35 a.m. ET on October 16. Cantor Fitzgerald sees a buying opportunity.
Story updates
05:41:09 PM UTC
SquawkNews
The outlook for independent AI cloud providers is becoming a concern for investors, with Gartner projecting that 80% could lose their independence by 2030. Cantor Fitzgerald, however, sees improving economics at CoreWeave as a reason to remain bullish.CoreWeave NASDAQ:CRWV fell more than 7% in Frid…
At 10:35 a.m. ET on October 16, CoreWeave (NASDAQ:CRWV), a specialized AI-cloud provider, traded at $64.92, down 6.84%. Cantor Fitzgerald viewed the decline as a buying opportunity. Investors still need evidence that the company can turn its enormous construction…