HSBC warns that CoreWeave (CRWV.US) will plummet by 76%: lack of differentiated competitive advantages overly dependent on Microsoft and Nvidia.

According to the Zhixin Finance APP, HSBC has downgraded the artificial intelligence cloud service provider CoreWeave (CRWV.US) with a "reduce" rating, with a target price of only $32, which is 76% lower than the stock's closing price on Thursday. The reason given by the bank is the relatively low returns, lack of differentiation competitive advantage, and high dependence on Microsoft (MSFT.US) and NVIDIA (NVDA.US).