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New bull, same AI gold rush
CoreWeave just picked up another Wall Street fan. GF Securities started coverage with a Buy rating and a $162 price target, arguing the company’s early lead in GPU deployment and its laser focus on AI infrastructure put it in a sweet spot as demand keeps stretching the grid.
The pitch is basically: if AI is the new internet, CoreWeave is selling the shovels, the pickaxes, and probably the boots too. GF Securities said long-term deals with major hyperscalers, lower financing costs, and rising GPU rental prices could keep the growth engine humming.
Why investors should care
This isn’t just another "AI is hot" story. The analyst sees global AI data-center capacity jumping from about 122 gigawatts in 2025 to 283 gigawatts by 2030, with the addressable market for neocloud providers potentially reaching $1.7 trillion from 2026 to 2030.
That’s a gigantic number, but the takeaway is simpler: if AI workloads keep exploding, companies like CoreWeave become the bottleneck-breakers everyone suddenly needs. GF Securities even said profitability could show up by 2028 as big customer contracts mature.
The setup from here
CoreWeave shares were already up on the day, and this new call adds fuel to the "maybe this thing still has legs" debate. The stock still has to prove it can convert AI demand into durable profits, but in a market this obsessed with infrastructure winners, fresh buy ratings tend to get attention fast.
Big picture: when analysts start treating GPU capacity like the new oil reserve, you know the AI trade is still very much alive.