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📰 $CRWV $NVDA – COREWEAVE’S TRADING DEBUT TO TEST INVESTOR DEMAND FOR AI CoreWeave, a Nvidia-backed AI cloud provider, starts trading today after raising $1.5B in a weaker-than-expected IPO. Initially aiming for $2.3B at $47-$55/share, it settled for $40/share, 35% below target. Despite explosive revenue growth ($15M in 2022 → $1.9B in 2024), losses soared to $937M (from $31M in 2022). The company relies heavily on debt and sells computing power to tech giants that also build their own data centers, a risk in downturns. Nvidia shares fell 2% on CoreWeave’s struggles. Adding concern, its co-founders cashed out $489M in early funding rounds, raising investor skepticism.

March 28, 2025
Frank

$CRWV $NVDA – COREWEAVE’S TRADING DEBUT TO TEST INVESTOR DEMAND FOR AI

CoreWeave, a Nvidia-backed AI cloud provider, starts trading today after raising $1.5B in a weaker-than-expected IPO. Initially aiming for $2.3B at $47-$55/share, it settled for $40/share, 35% below target.

Despite explosive revenue growth ($15M in 2022 → $1.9B in 2024), losses soared to $937M (from $31M in 2022). The company relies heavily on debt and sells computing power to tech giants that also build their own data centers, a risk in downturns.

Nvidia shares fell 2% on CoreWeave’s struggles. Adding concern, its co-founders cashed out $489M in early funding rounds, raising investor skepticism.