Nvidia-backed CoreWeave rises as brokerages start with largely bullish coverage

Shares of AI infrastructure provider CoreWeave CRWV.O rise 6.9% to $37.85

CoreWeave gets broadly bullish coverage on Wall Street as IPO research quiet period ends

On its debut, CRWV finished flat at $40, after $1.5 bln IPO downsized by >20% and priced well below the expected range

CRWV snapping a 5-day losing streak as Wall Street bounces back after sharp selloff on Monday

J.P. Morgan starts with "overweight" rating and $43 PT

Says CRWV enjoys backing of Nvidia NVDA.O, perhaps benefiting from premier status as a test bed for cutting-edge products

Barclays starts with "buy" rating and a $48 PT

Sees upside to CRWV's niche of selling the largest deployments to the most sophisticated customers and building infrastructure quicker than peers

Goldman Sachs starts with Street-high PT of $54 and "neutral" rating

"CoreWeave is a leading provider of AI compute at scale, sitting at the cusp of a massive paradigm shift"- Goldman Sachs

The IPO was underwritten by a syndicate of 18 banks, led by Morgan Stanley, J.P.Morgan and Goldman Sachs

Stock down 11.4% since its Nasdaq debut last month