$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. ...
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. ...
