Deutsche Bank upgraded CoreWeave (CRWV) to Buy from Hold due to a combination of its setup entering 2026 and Monday's announcement that Nvidia (NVDA) has invested $2B in the hyperscaler and expanded their collaboration to help CoreWeave accelerate the buildout of more than 5 gigawatts of AI factories by 2030.

In a regulatory filing yesterday, Nvidia revealed it had nearly doubled its investment in CoreWeave to more than 47 million shares, in a stake valued at $4.6 billion as of Monday's close. That amounts to an 11.5% stake in the company and represents 90% of Nvidia's equity portfolio. On the heels of that revelation, Wall Street is weighing in.

Chip giant Nvidia has announced its Vera CPU will be available as a standalone offering, with neocloud CoreWeave to be the first company to get its hands on the chips.

Nvidia purchased $2 billion worth of CoreWeave shares as it expanded its partnership with the cloud company, which will use Nvidia chips.

Nvidia takes a $2 billion stake in CoreWeave as the partners plan to build 5 gigawatts of AI factories by 2030, boosting shares and investor optimism.

CoreWeave Inc. (NASDAQ:CRWV) ranks among the 10 best new stocks to buy in Ray Dalio’s portfolio. On January 6, Truist Securities initiated coverage of CoreWeave Inc. (NASDAQ:CRWV) with a Hold rating and a $84 price target.