Bank of America Boosts AI Infrastructure Picks
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bank of America analysts remain optimistic about CoreWeave and Nebius Group, two AI infrastructure giants, despite recent stock dips. Theyve raised price targets, anticipating significant growth. CoreWeave forecasts a 144% sales surge in 2026 and 86% in 2027, driven by a multi-billion dollar contract backlog. Nebius aims for a gigawatt capacity, scaling to over three gigawatts, with potential for triple-digit revenue gains. Both stocks have outperformed the S&P 500 year-to-date, amid a broader cloud computing shift. However, challenges persist, including massive capital spending, debt, and competition from hyperscalers. The real test lies in their ability to scale flawlessly in the coming years.
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