Cantor Fitzgerald launched coverage with an Overweight rating on CoreWeave.

The entities involved

• CoreWeave →

  American cloud computing company

  • CoreWeave stock slumped on Nasdaq, AI concerns pressured Nvidia stocks, and Japan issued a quake alert.00:08
  • IREN and CoreWeave are facing increased financing costs due to higher benchmark rates, while IREN secures new contracts with Microsoft and Nvidia.Fri 22:52
• Cantor Fitzgerald →

  American financial services company

  • Susquehanna restated its rating on Snap shares, and Cantor Fitzgerald cut its price objective for Snap stock.Fri 11:40
  • Keefe, Bruyette & Woods cut the price target for Mechanics Bancorp, and Cantor Fitzgerald initiated coverage of the bank.Fri 08:37

Related events

• CoreWeave, a major cloud provider, utilizes Nvidia GPUs and holds a significant stake from Nvidia while competing with Microsoft and Meta.Jun 21
• CoreWeave utilized Nvidia GPUs for cryptocurrency mining, specifically for Ethereum and Bitcoin, while also providing AI infrastructure to tech companies.Aug 1
• Chipmakers led a sector rebound, driven by AI data center demand, while DeepSeek's shock caused Nvidia's biggest stock fall.Fri 16:17
• CoreWeave is an extremely important customer of Nvidia, and Elon Musk is associated with Tesla.Oct 19
• Nvidia has strategic investments in Nebius Group, which is competing in the data center market against Oracle, alongside the presence of CoreWeave and OpenAI.Jun 8