Bank of America suggests CoreWeave's stock might be running out of steam despite a strong performance and recent positive developments, potentially limiting future gains.
Bank of America suggests CoreWeave's stock might be running out of steam despite a strong performance and recent positive developments, potentially limiting future gains.

A Grievance Addressed!

Good heavens what's this? Apparently Bank of America – those chaps in suits who wouldn't know a good investment if it bit them on the perfectly spherical derriere – have downgraded CoreWeave from 'Buy' to 'Neutral.' Neutral! As if anything in this world is truly neutral. It's either fabulous or utter bilge wouldn't you agree? This downgrade comes despite CoreWeave's spiffing IPO and all the AI buzz which by the way I predicted years ago when I was merely trying to build a weather controlling device. The fools!

Riding the AI Rocket!

Now let's not be entirely dismissive. Even these blithering idiots at Bank of America acknowledge that CoreWeave has been rather busy. They've snagged a 'hyperscaler' client whatever drivel that means expanded their deal with OpenAI (those folks trying to make computers think… how pedestrian!) and raised some capital at a reasonable rate. But apparently it's not enough. 'Much of the upside is priced in,' they bleat. Priced in? As if the future isn't an open buffet of possibilities! I for one see a future where CoreWeave powers my world domination schemes. You can quote me on that. Or don't. I'm not your proctor.

Wall Street Whimsy!

CoreWeave went public in late March raising a cool $1.5 billion. Largest tech offering since 2021 they say. Well bully for them! But let's be honest Wall Street is about as predictable as Brian's dating life. One minute you're up the next you're being chased by a giant chicken. It's all rather tiresome really.

Peak AI Spending? Rubbish!

This Brad Sills fellow at Bank of America (sounds like a Bond villain doesn't he?) suggests AI spending might be peaking. Poppycock! As if humanity's insatiable desire for shiny new gadgets and algorithms will ever diminish. CoreWeave's AI infrastructure market is solid Sills admits but he still thinks the stock is overpriced. I swear these analysts live in a parallel universe where logic and common sense go to die.

The Numbers Game

The bank increased its price target to $185 a share suggesting a 26% increase from Friday's close. They are suggesting the shares COULD rise 26%? Do these numbers people really think I give a rats ass about a measly 26%? I need more! My evil plans require exponential growth not some measly bump!

A Modicum of Approval

Shares of this 'AI cloud computing firm' have surged more than 37% this month and were up about 4% today. Not bad not bad at all. But let's not get complacent. There are empires to build worlds to conquer and frankly a teddy bear that needs some serious modifications. Onwards and upwards chaps! And don't let the suits at Bank of America tell you otherwise. They probably still think the internet is a passing fad.


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