Shares of cloud infrastructure firm CoreWeave CRWV.O climb 11% to $108,86.

Deutsche Bank raises PT to $140 from $100 and rating to "buy" from "hold".

CRWV is entering the sweet spot as it starts booking new business on its >1GW of secured power in a supply-constrained market - Deutsche Bank.

Says AI giant Nvidia's NVDA.O $2 billion investment in CRWV "also incrementally strengthens the longer-term view".

Adds it was not about CoreWeave's need for capital to fund its growth but more strategic in nature.

Mizuho raises CRWV's PT to $100 from $92; maintains "neutral" rating.

NVDA investment highlights potential for CRWV to sell its software stack to other cloud partners and enterprises, which it emphasized could be a meaningful and margin-accretive long-term opportunity, says Mizuho.

Adds CRWV is positioned to capture meaningful share of AI cloud provider market, which is growing at a rapid pace.