Famed investor Cathie Wood buys 437,345 shares of CoreWeave (CRWV) amid AI stock selloff. Wood now owns nearly 0.79 million shares, showing confidence in the company’s future. CoreWeave stock down 50% from late October high. Bank of America estimates global hyperscale spending to surge 67% in 2025, benefiting CoreWeave.

CoreWeave operates data centers, provides GPU-as-a-Service, positioned for capital wave. Stock’s relative strength index suggests bearish momentum waning. CoreWeave’s worth owning due to AI infrastructure shortage, attractive valuation, major partnerships. Options pricing hints at $92 by late February, analysts see selloff as overdone.

Analysts rate CoreWeave stock a “Moderate Buy” with $131 target, 85% upside potential. Wood’s purchase signals long-term confidence in CoreWeave amid AI industry growth. AI infrastructure firm poised for growth as tech companies increase AI investments. CoreWeave’s partnerships, valuation, and potential price targets make it a compelling investment.

Read more at Yahoo Finance: Cathie Wood Is Buying the Dip in CoreWeave Stock. Should You?