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CoreWeave (NASDAQ: CRWV) stock has been outperforming most of the technology sector.
Bernstein's Madison Rezaei reiterated a bearish 'Sell' rating on CoreWeave, targeting a 38.68% drop to $56.
KEY POINTS
- Bernstein doubts CoreWeave will significantly benefit from AI sector growth, despite industry optimism.
- Nvidia's potential support for CoreWeave is considered a weak long-term safety net by Bernstein.
- Bernstein's sell rating is the only one among institutional analysts in the past three months.
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