AI算力持续短缺至2026 富国银行上调CoreWeave(CRWV.US)评级至“增持“

智通财经
Sep 24

智通财经APP获悉,富国银行CoreWeave(CRWV.US)的评级从"持股观望"上调至"增持",并将其目标股价从105美元上调至170美元,指出"需求信号日益强劲,已不容忽视"。周二CoreWeave股价基本持平。

以迈克尔·特林为首的分析师表示:"当其他软件公司还在苦苦等待人工智能变现时,CRWV如今既能从当前高涨的建设周期中获益,又能持续受益于至2026年都难以缓解的行业供给短缺。"

分析师称,虽然人工智能市场的长期前景仍不确定,但他们选择上调该股评级是因为CoreWeave已展现出向人工智能算力最大消费群体扩张的能力,这可能使其随着时间的推移获得更大的市场份额。

分析师持乐观态度的关键考量包括:超大规模企业表态印证人工智能需求强于预期;近期全行业人工智能实验室带来的显著订单量;超大规模企业资本支出的大幅调整;富国银行更新的单位经济效应假设——更高需求推动每小时GPU计价从2美元提升至2.5美元,且英伟达(NVDA)通过合同承诺承销所有未使用的算力(其条款可能对CoreWeave有利)。

其他支撑观点的因素包括:利润率预估存在上行潜力(其垂直集成技术栈逐步成型,融资利率优于预期);持续拓展微软(MSFT.US)、OpenAI和谷歌(GOOGL.US)等标杆客户;公司IPO禁售期结束预计将降低未来股价波动性。

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