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Bank of America downgrades hot IPO and Nvidia derivative CoreWeave, citing valuation
Shares have advanced more than 36% in so far in June.
14 words~1 min read
Shares have advanced more than 36% in so far in June.
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Analyst Wamsi Mohan upgraded the Nvidia supplier to buy from neutral.

The bank downgraded CoreWeave, which provides infrastructure for artificial intelligence firms, to neutral from overweight.

Bank of America says stocks like Nvidia have more room to run.

The market punished the stock after a strong earnings report with an even strong guide.

Analyst Brad Zelnick upgraded the artificial intelligence infrastructure provider to buy from hold.

All eyes remain on Nvidia's quarterly results this week.