CoreWeave, Inc. (NASDAQ:CRWV) is one of the Must-Watch AI Stocks on Wall Street. On August 13, Citizens JMP analyst Greg Miller reiterated a Market Perform rating on the stock without a price target. The rating affirmation reflects CoreWeave’s stronger-than-expected results and positively revised outlook.
JMP has noted how CoreWeave encompasses a business model that enables cloud and hyperscale companies to manage capital expenditure increases while accelerating time to market for their services.
At the same time, it remains cautious about GPU-as-a-Service providers’ ability to steer through falling average selling prices and increasing customer churn against rising real estate costs.
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“CoreWeave reported 2Q25 results that one would expect after such a high-profile IPO; stronger-than-consensus expectations with a positively revised outlook that clearly demonstrates the hyperscale company’s willingness to push balance sheet liabilities onto other companies in exchange for a high initial margin (over a 3-4-year term). While we continue to believe cloud/hyperscale companies will accelerate the push to use these companies to help manage capex increases and speed time to market, we remain cautious with regard to GPUaaS providers’ abilities to manage a declining ASP and increasing churn against the backdrop of an increasing real estate cost structure. We remain Market Perform rated on CoreWeave, as we wait for investors to gain a better understanding of the underlying KPIs.”
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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