Artificial intelligence startup CoreWeave's shares closed up 42% at $52.57 on Tuesday, their third day of trading, above ...
CoreWeave achieved 12,000%+ revenue growth to $1.92B in 2024 with 70-80% GPU utilization.
CoreWeave Inc. shares closed up 42% at $52.57 on Tuesday, marking a significant recovery in its third day of trading after the company's IPO.
The catalyst behind the rally was unclear, but it comes after a rocky start for the company backed by Evanston hedge fund Magnetar Capital.
The CoreWeave IPO will be another test for Nvidia and the near-term demand for AI chips. Read why I remain bearish on NVDA ...
CoreWeave stock bounced around in Wednesday morning trading but was headed higher in recent action, tacking on more after a 40% rally Tuesday.
CoreWeave co-founder Brian Venturo knows that three hedge fund guys, turned crypto miners, now running AI training ...
CoreWeave's IPO debut tests neocloud viability and reliance on Nvidia GPUs.