CoreWeave NASDAQ:CRWV and Nebius NASDAQ:NBIS received bullish initiations from Baird, which sees both companies benefiting from the rapid expansion of AI infrastructure.
Baird launched coverage of CoreWeave with an Outperform rating and a $100 price target. Analyst Rob Oliver pointed to the company's purpose-built AI cloud platform, more than 1 gigawatt of active power capacity and close relationship with Nvidia NASDAQ:NVDA.
CoreWeave provides cloud computing infrastructure built around high-performance GPUs, while Nebius offers a broader AI platform spanning computing, software and related services. Both compete for customers seeking alternatives to traditional hyperscalers.
Baird also initiated Nebius with an Outperform rating and a $250 target. The firm expects Nebius to benefit as AI workloads shift from model training toward inference, helped by its full-stack platform, expanding customer base and experienced management team.