July 2, 2026
Analyst Bio:
Rosenblatt views the selloff yesterday in shares of CoreWeave (CRWV) after Bloomberg’s report that Meta Platforms (META) is planning a cloud business to sell AI computing power as a buying opportunity. The firm’s channel checks show no change in hyperscale posture toward graphics processing unit compute procurement, with GPU shortages “the norm right now across the industry.” Rosenblatt also does not think Meta has the right to resell any of the capacity it has leased from CoreWeave through 2032 to third parties. The firm reiterates a Buy rating on CoreWeave with a $250 price target.
