CoreWeave shares climb 4% after GF Securities initiates Buy with $162 target as Nvidia GPU rents surge 20%
Nvidia's H100 GPU rental prices have climbed 20% year to date and A100 rates are up nearly 15%, highlighting robust AI infrastructure demand. CoreWeave shares rose about 4% after GF Securities initiated coverage with a Buy rating and $162 price target, while D.A. Davidson maintained a Neutral view.
1. Nvidia Reports Rising GPU Rental Prices
Nvidia CFO Colette Kress highlighted that H100 rental prices are up 20% year to date and A100 rates have increased nearly 15%, underscoring strong demand for GPU compute in AI workloads and ongoing capacity constraints.
2. CoreWeave Shares Jump
CoreWeave stock gained approximately 4% in response to the Nvidia pricing update and heightened investor interest in AI infrastructure, reflecting optimism about revenue growth from GPU-driven services.
3. Broker Coverage Update
GF Securities launched coverage of CoreWeave with a Buy rating and set a $162 price target, while D.A. Davidson assigned Neutral ratings on both CoreWeave and Nebius, signaling mixed analyst sentiment despite robust AI demand.