We recently published Top 10 Trending Stocks as Famous Billionaire Predicts Massive AI Stock Rally Before Bubble Burst. CoreWeave Inc (NASDAQ:CRWV) is one of the trending stocks.

Amit Daryanani, senior managing director at Evercore ISI, said in a latest program on CNBC that CoreWeave Inc (NASDAQ:CRWV) is positioned to benefit from the rising AI infrastructure demand. He recently started covering the stock with a $175 price target.

“You have Microsoft and Meta over here and hopefully other customers as well. I do think fundamentally what’s happening with them right now is demand for AI infrastructure is far in excess of what supply is. Coreweave is positioned to benefit really well from having one of the largest independent GPU clusters — 250,000 plus GPUs — that a lot of customers beyond just Microsoft and Meta could use. I would argue customers like Google and others could look at this as well to meet incremental demand, because that’s really what the shortage is right now: there’s not enough supply to go around for all these companies.”

Photo by Luke Chesser on Unsplash

While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.