CoreWeave stock rips higher after muted IPO
CoreWeave priced its initial public offering (IPO) at $40 a share in March. The company initially expected to sell shares in the range of $47 to $55, but concerns about the pace of AI spending and CoreWeave's business model caused it to downsize the offering. Nvidia ( NVDA) — an early CoreWeave investor — reportedly anchored the IPO at $40.
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CoreWeave achieved 12,000%+ revenue growth to $1.92B in 2024 with 70-80% GPU utilization.
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CoreWeave, the AI Hyperscaler™, today announced its MLPerf v5.0 results, setting a new industry benchmark in AI inference with NVIDIA GB200 Grace Blackwell Superchips. Using a CoreWeave instance with ...
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