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AI compute provider CoreWeave's funding gap sparks Wall Street debate: Bernstein estimates $76 billion, Goldman Sachs only $23 billion.
Bernstein analysts on Thursday (October 22) issued a report lowering their price target for AI hashrate leasing firm CoreWeave from $74 to $51, and estimating the company's net financing gap at a staggering $76 billion. This is more than triple the $23 billion estimated by Goldman Sachs three days prior. CoreWeave's stock fell another approximately 10% on Thursday to $55.70, erasing all gains made after Goldman Sachs' rating upgrade. Goldman Sachs simultaneously acknowledged serving as a bookrunner or co-bookrunner for a pending CoreWeave underwriting deal and holding over 1% of the company's shares.
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