Piper Sandler has initiated coverage of CoreWeave (NASDAQ: CRWV) and Nebius (NASDAQ: NBIS), assigning CoreWeave an Overweight rating while placing Nebius at Neutral. The firm set a price target of $151 for CoreWeave, reflecting confidence in the company’s position within the rapidly expanding AI cloud infrastructure market. Both companies are positioned to benefit from sustained and accelerating enterprise spending on artificial intelligence computing capacity, according to Piper Sandler. Piper Sandler identified CoreWeave’s execution on large customer agreements as a critical factor as the company continues expanding its infrastructure footprint. Investors will also be watching Nebius’ Vineland data center closely, which Piper Sandler identified as an important near-term execution test for the company.