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CoreWeave shares rallied more than 10% on Tuesday and looked to bounce back from a lackluster second trading day on the public markets.
CoreWeave priced its initial public offering far lower than it originally expected, in a disappointing development for Nvidia.
CoreWeave's IPO debut tests neocloud viability and reliance on Nvidia GPUs.
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, attends his company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. REUTERS/Brendan ...
One analyst says investors seem to be taking issue with CoreWeave specifically, which he views as “nothing more than a highly leveraged, off-balance-sheet arrangement for Nvidia.” ...
Word on the street is that CoreWeave wanted to raise at least $3 billion and possibly over $4 billion. But price range announcements are always a bit of a game. The announced range is often lower ...
CoreWeave will only receive the profits from the 36,590,000 it sells. That means CoreWeave potentially raised more than $1.46 billion in its IPO. At its $40 per share IPO price, CoreWeave has a fully ...
CoreWeave reduced the size of its U.S. initial public offering and priced its shares below the indicated range, the company ...
CoreWeave's IPO was underwhelming, but that doesn't reflect the company's fundamentals. Read more about CRWV stock here.
CoreWeave achieved 12,000%+ revenue growth to $1.92B in 2024 with 70-80% GPU utilization.
CoreWeave CEO Mike Intrator said Friday that the company's IPO pricing, which came in below expectations, has to be placed in the larger context of the macroenvironment. "There's a lot of ...
Nvidia (NVDA) owns 17,932,460 Class A shares of CoreWeave (CRWV), representing 3.8% of the total shares outstanding. At the IPO price of $40 a share, Nvidia's stake would be valued at $717.3 million.