Bank of America Global Research has reinstated its coverage of CoreWeave with a buy rating, up from hold, and set a $100 price objective for the stock, suggesting a 22% increase from Monday's close. The bank believes that the company is well positioned to capture a share of the $79bn AI infrastructure as a service (Iaas) market, with four major companies investing nearly $700 billion in combined capex to build new AI data centers. The company's proprietary software is optimized for AI workloads and its alliances with Nvidia and OpenAI are also expected to boost its market share.