US EditionCoreWeave valued at $23 billion in muted Nasdaq debut
- CoreWeave's initial public offering is priced at $40 a share, below its expected range of $47 to $55, according to reports.
- CoreWeave is impacted by the rising obsolescence of its Hopper-based Nvidia GPUs, as highlighted in its IPO filing.
- CoreWeave's revenue primarily relies on Microsoft, which generated 62% of its revenue in 2024, and has reduced spending in AI infrastructure, impacting CoreWeave's market position.
- Despite raising approximately $1.46 billion from the IPO, CoreWeave faces challenges due to heavy expenses and dependence on a limited number of clients, including Microsoft.
72 Articles
72 Articles
CoreWeave’s First Day of Trading Highlights Fizzling AI Enthusiasm
AI cloud computing provider CoreWeave uncorked the champagne on its Nasdaq debut Friday, but the end result was as flat as a two-day-old soda fountain Pepsi. Markets were left with no gains, no losses and a lot of questions about where the AI boom is headed. The Lease of Their Problems CoreWeave started out in 2017 as a crypto miner, but ditched the sector altogether in 2022 to focus on data centers. The Livingston, NJ-based company was the dict…
🔒 CoreWeave’s IPO: A Turning point for AI investment transparency
Key topics: CoreWeave’s IPO: a pivotal moment for AI’s financial transparency. Heavy reliance on Microsoft revenue poses risks for CoreWeave’s future. AI industry’s high burn rate: The true cost behind the AI boom. Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here. Support South Africa’s bastion of independent…
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