Nvidia turned CoreWeave into a major player in AI years before helping to save its IPO
Publishing timestamp: 2025-03-30 11:00:01
Summary
CoreWeave had a successful IPO with help from Nvidia, but the offering didn't go as planned. The company pivoted from crypto to AI, but still faces challenges with a hefty debt load. Despite this, CoreWeave is generating significant revenue and has the attention of public investors as it competes with major tech companies. The company's success is tied to its relationship with Nvidia, but investors are still trying to figure out how to value CoreWeave's unique business model.
Sentiment: MIXED
Tickers: GS, AMZN, IBM, ETH.CM=, NVDA, ORCL, GOOGL, CRWV, BTC.CM=, MSFT,
Keywords: coreweave inc, business, international business machines corp, goldman sachs group inc, microsoft corp, nvidia corp, alphabet inc, technology, breaking news: technology, enterprise, amazon.com inc, bitcoin/usd coin metrics, ipo, ethereum/usd coin metrics, oracle corp, business news,
Source: https://www.cnbc.com/2025/03/30/coreweaves-7-year-journey-to-ipo-wound-through-crypto-before-ai.html