CoreWeave (NASDAQ: CRWV), a cloud-based GPU-as-a-Service provider, shook the AI data center landscape a few days back when it clinched a formal agreement to acquire the crypto miner, Core Scientific, unlocking synergistic efficiencies in the process, not to mention a sizable increase in its power capacity available for HPC and AI workloads. Now, H.C. Wainwright analyst, Kevin Dede, has taken a stab at CoreWeave's overarching investment thesis, employing a hefty dose of appreciation for the company's unique advantages, albeit tempered by an overall prudent tone. To wit, Dede has reiterated his 'Neutral' rating on CoreWeave shares, while declaring: "Announcements and […]
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