Flutterby™! : CRWV (CoreWeave) IPO

CRWV (CoreWeave) IPO

2025-03-28 18:43:47.712141+01 by Dan Lyke 0 comments

Last night: Nvidia-backed CoreWeave downsizes US IPO

This morning: CoreWeave Stock Opens at $39 After Disappointing IPO.

CoreWeave, a rapidly growing AI cloud company, priced its initial public offering at $40 a share on Thursday night, well below an expected range of $47 to $55.

Peter @peter@thepit.social observes:

AI is such an exciting technology that the first big IPO for the sector is a bust. like, if you spun off Google and Microsoft's AI businesses, they would immediately be stripped for parts and shut down because generative AI is not a profitable business.

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