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Deutsche Bank analyst Brad Zelnick said that the sharp drop in CoreWeave brought investors buying opportunities. The stock has plummeted more than 26% over the past four trading days. Zelnick said, “There is no doubt that the future of CoreWeave is closely linked to the success of artificial intelligence and the demand for the underlying computing infrastructure that supports AI, so its stock price should reflect changes in market sentiment in this regard.” However, Zelnick pointed out that the company “has a strong customer base, a good execution record, and the ability to turn orders into revenue, and is also in a leading position in infrastructure performance. Compared with emerging cloud service peers, these factors all strongly support its issuer qualifications.” “As a result, although more capital is needed, financing can be progressed steadily and backed by sufficient customer orders in hand,” Zelnick said.
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Deutsche Bank analyst Brad Zelnick said that the sharp drop in CoreWeave brought investors buying opportunities. The stock has plummeted more than 26% over the past four trading days. Zelnick said, “There is no doubt that the future of CoreWeave is closely linked to the success of artificial intelligence and the demand for the underlying computing infrastructure that supports AI, so its stock price should reflect changes in market sentiment in this regard.” However, Zelnick pointed out that the company “has a strong customer base, a good execution record, and the ability to turn orders into revenue, and is also in a leading position in infrastructure performance. Compared with emerging cloud service peers, these factors all strongly support its issuer qualifications.” “As a result, although more capital is needed, financing can be progressed steadily and backed by sufficient customer orders in hand,” Zelnick said.
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