Despite the positive news regarding OpenAI's funding round, analysts are warning that CoreWeave's stock could be worth nothing
Gil Luria, an analyst at D.A. Davidson, said that while OpenAI’s potential funding round could provide a short-term boost to CoreWeave’s stock price, the company’s shares still carry significant risks. Luria noted, “We continue to believe that CoreWeave’s stock could ultimately be worth nothing, as the company’s entire value effectively belongs to its creditors.” ” He further warned that the AI cloud computing company’s backlog of orders remains at risk of going unfulfilled, and that “if OpenAI’s funding falls well short of the $100 billion target by the end of March, we could see CoreWeave’s stock price plummet even faster.”
Source:富途快讯 · Source Link
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