CoreWeave, Inc. (NASDAQ:CRWV) is a cloud service provider in the AI sector. Truist Securities initiated coverage with a Hold rating and $84 price target. While CoreWeave has high-end clients like Microsoft and Google, the firm highlighted risks from dependence on a few customers for revenue. The NVIDIA partnership provides long-term revenue support. There is potential for acquisition by NVIDIA or other partners if business conditions worsen. CoreWeave generated 77% of revenue from its top two customers, with Microsoft accounting for 62%. The firm sees potential risks if a comparable alternative to NVIDIA’s GPUs emerges. Investing in CRWV offers potential upside, but other AI stocks may present better opportunities with less downside risk.

Read more at Yahoo Finance: CoreWeave (CRWV) Emerges as an AI Infrastructure Stock to Watch After Truist Initiation