Bank of America sets bullish price targets for CoreWeave, Nebius; reinstates Microsoft Buy rating

Bank of America raised its price targets for AI infrastructure firms CoreWeave and newly covered Nebius at $100 and $150 respectively, citing robust growth in the AI workload market projected to exceed $400 billion by 2028. They also reinstated coverage on Microsoft with a $500 price target despite its 23% YTD stock decline, driven by optimism around its AI demand outlook and strategic positioning with OpenAI. Investors should monitor upcoming earnings reports and market adoption of AI platforms, which could validate or challenge these bullish valuations.