William Blair Initiates Coverage of CoreWeave and Nebius with Outperform Ratings
On Wednesday, William Blair initiated coverage on both CoreWeave (CRWV) and Nebius (NBIS), assigning them 'Outperform' ratings. The firm highlighted that the companies are well-positioned to benefit from increased contracted AI computing capacity coming online as utilization rates improve. The stock of CoreWeave rose 2.2%, while Nebius gained 3% in pre-market trading following the report, indicating positive investor sentiment toward the coverage and outlook for these firms.
