This stock is part of Alex Green’s list of “secret picks.” In fact, he goes as far as to call it an AI “Superstock.” To back up the claim, Green touts the firm as having agreements with OpenAI, Meta, NVIDIA, and other technology giants. “Everyone wants what they have,” he says, and adds that when it comes to revenue, the firm has exhibited “36,000% growth in three years.” These factors suggest to Green that “the worst thing you can do is to wait” when it comes to the firm.
The superstock, or the stock to rule all AI stocks, is CoreWeave, Inc. (NASDAQ:CRWV). The firm is a computing infrastructure provider that hosts GPUs to allow AI software companies to train and run their models. The shares are up by 122% over the past year and by 43% year-to-date. Cantor Fitzgerald discussed CoreWeave, Inc. (NASDAQ:CRWV)’s shares on April 16th as it raised the share price target to $156 from $149 and kept an Overweight rating. Like Green, the firm discussed the computing company’s agreements with big technology firms.
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.
Link: https://finance.yahoo.com/markets/stocks/articles/coreweave-ai-benchmark-win-meets-201609226.html