CoreWeave stock has climbed 61% from its late-March lows, as two Wall Street firms raised their price targets and pointed to a business that remains tied to the surging demand for AI compute. Macquarie's Paul Golding lifted his view to $125 per share, while Wolfe Research's Alex Zukin set a $150 target.
The gains come after the neocloud infrastructure firm had shed just over 60% of its value at its worst point, underscoring how sharply the market has been swinging on anything linked to artificial intelligence spending. CoreWeave trades on NASDAQ under the ticker CRWV.
Golding said CoreWeave was becoming a “structural player into the next decade,” a view that reflects the company’s growing role in the AI supply chain. CoreWeave has secured major AI deals with companies including Anthropic, and its Mission Control operating system is described as the operating system for AI.
The company also has priority access to Nvidia GPUs, an advantage that matters in a market where compute remains the bottleneck. CoreWeave's backlog is described as packed, and the case for the stock rests on the idea that any additional compute it can secure is likely to be absorbed quickly as AI demand continues to run hot.
That leaves CoreWeave squarely inside a broader AI infrastructure trade built around hyperscale compute demand. The stock’s recovery does not erase the earlier drawdown from a peak nearly a year earlier, but it does show how quickly investors are rewarding companies that can still deliver the hardware and software needed to keep AI systems running.
For now, the question is less whether demand exists than how much more capacity CoreWeave can lock up before the market prices in the next leg of growth.