CoreWeave shares soar past IPO price on 3rd trading day
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According to its prospectus, it owed $8 billion in debt as of the end of last year.
From Investopedia
Investors may now be focusing more on a critical deal that CoreWeave announced prior to its IPO.
From The Motley Fool
CoreWeave's public offering also served as a major test for an IPO market that has largely dried up since early 2022 as inflation and rising interest rates deterred investors from riskier bets.
From NBC New York
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Nvidia (NVDA) stock declined over 3% in premarket trading on Monday, closing the first quarter on a sour note. Investor sentiment weakened amid
CoreWeave's IPO debut tests neocloud viability and reliance on Nvidia GPUs.
CoreWeave co-founder Brian Venturo knows that three hedge fund guys, turned crypto miners, now running AI training infrastructure has been a wild ride.
CoreWeave has found a big market in selling Nvidia’s popular AI processors, but the company has a challenging story to sell to public investors.
The CoreWeave IPO will be another test for Nvidia and the near-term demand for AI chips. Read why I remain bearish on NVDA stock.
Nvidia Corporation (NASDAQ: NVDA) dropped 3.66% during the Monday pre-market trading session following CoreWeave's disappointing IPO and uncertainty surrounding President Donald Trump's 'Liberation Day' on April 2.
Concerns sparked by CoreWeave's debt pile and other financial challenges may weigh on retail investor enthusiasm as it prepares to go public after what analysts said was a poorly timed IPO.
Nvidia contributed a $250-million order as part of CoreWeave's IPO, which raised $1.5 billion, Reuters reported on Thursday. Despite the downsize, the IPO was the largest AI-related listing by amount raised according to Dealogic, which has compiled data as far back as 1995.