New York, Jan 28, 2026, 10:25 ET — Regular session.
- CoreWeave shares nudged up in early trading, pulling back slightly after a two-day rally.
- HSBC cut its price target, citing concerns over rising debt and borrowing costs.
- An SEC filing revealed Nvidia has boosted its stake to 11.5% following a $2 billion investment.
CoreWeave shares edged up 0.2% to $109.12 in morning trading Wednesday, following a run of strong gains earlier this week. Investors appeared torn between bullish analyst ratings and new concerns over the company’s debt levels. 1
The stock drew attention after Nvidia and CoreWeave announced they had deepened their partnership to accelerate the rollout of “AI factories”—data centers optimized for AI workloads. Nvidia also put $2 billion into CoreWeave stock, buying shares at $87.20 each. CoreWeave CEO Michael Intrator said the expanded collaboration “underscores the strength of demand we are seeing across our customer base.” 2
Nvidia’s recent regulatory filing revealed it owns 47,213,353 Class A shares of CoreWeave, representing 11.5% of that class. This highlights just how closely the chipmaker is linked to one of its top cloud customers. 3
CoreWeave’s strategy hinges on scaling capacity only after landing customer contracts. Speaking at the World Economic Forum in Davos, Intrator said, “I’m not buying GPUs until Microsoft or Meta or Nvidia comes and signs a contract with me.” 4
CoreWeave’s shares jumped 10.7% Tuesday, closing at $108.86. 5
The stock had surged Monday following the Nvidia investment reveal, finishing 5.7% higher at $98.31. 6
Broker notes bolstered buying interest. D.A. Davidson’s Alex Platt upgraded the stock to buy, pushing his price target up to $100. Over at Deutsche Bank, Brad Zelnick raised his target to $140, highlighting the Nvidia partnership and the company’s trajectory toward a 5-gigawatt buildout. Platt said he found it “hard to believe” that Nvidia would support expansion if it doubted its customers’ funding. 7
Not everyone on Wall Street is convinced. HSBC lowered its price target to $41 from $44, maintaining a “Reduce” rating. The bank flagged rising interest costs and wider credit-default spreads—essentially the cost investors pay to insure a company’s debt—which could drive future borrowing rates above 10%, HSBC warned. 8
Since its Nasdaq debut in March 2025, CoreWeave has stood out as a key AI-infrastructure name, sparking intense debate over whether sustained AI demand will outpace the hefty investments required to build and run new data centers. 9
CoreWeave’s fourth-quarter earnings are set for release on Feb. 18. Investors will be watching closely for any news on funding requirements, progress on buildout schedules, and customer contracts—factors that may determine if the recent rally has staying power. 10
