CoreWeave initiated with an Outperform at Mizuho

Mizuho initiated coverage of CoreWeave (CRWV) with an Outperform rating and $46 price target The company has established itself as a trusted infrastructure partner to those at the forefront of the artificial intelligence era, the analyst tells investors in a research note. The firm believes CoreWeave’s early pivot to fully focus on AI, and its “fresh perspective on building infrastructure at unprecedented scale” for compute-intensive workloads, has positioned its cloud platform to capture meaningful share of an AI cloud provider market growing at a “server-melting pace.”