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CoreWeave 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.

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The Motley Fool

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What Smart Investors Should Know About Nvidia-Backed CoreWeave Stock @themotleyfool #stocks $NVDA $CRWV

Does CoreWeave have any edge over its competition?

4 days ago·Alexandria, United States

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Quartz

Center

Does CoreWeave's disappointing IPO signal an AI bubble?

New Jersey-based AI and cloud computing company CoreWeave made its market debut on Friday to little applause.Read more...

5 days ago·United States

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thedailyupside.com

Center

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…

5 days ago

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Australian Financial Review

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AI company’s IPO fizzer a warning for Canva and Australian tech stars

The biggest US technology float since 2021, for artificial intelligence firm CoreWeave, fell flat on Friday. That has implications across the Pacific.

5 days ago·Sydney, Australia

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Futurism

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AI's "Biggest Test" Is Turning Into a Catastrophe as CoreWeave Flounders

CoreWeave's public debut struggles highlight the AI industry's challenges, with disappointing performance casting doubt on its future.

6 days ago

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BizNews.com

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🔒 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…

6 days ago

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