According to CNBC, Nvidia plans to support CoreWeave’s IPO with a $250 million order at $40 per share. Nvidia is a key supplier and investor with a 6% stake in CoreWeave. CoreWeave rents out remote access to computers powered by Nvidia’s AI chips and reported a 700% revenue jump in 2024 to $1.92 billion, with Microsoft accounting for nearly two-thirds of its revenue. CoreWeave’s debut joins a growing IPO lineup, marking a milestone for the rapidly expanding AI industry.
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00:00It's Benzinga bringing Wall Street to Main Street plans to support Corweave's IPO,
00:04a $250 million order at $40 per share, according to CNBC.
00:08It is a key supplier investor, the 6% stake in Corweave.
00:12Corweave rents out remote access to computers powered by NVIDIA's AI chips,
00:15and reported a 700% revenue jump in 2024 to $1.92 billion.
00:20Microsoft accounted for nearly two thirds of its revenue.
00:23Corweave's debut joins a growing IPO lineup,
00:25marking a milestone for the rapidly expanding AI industry.
00:29For all things money, visit Benzinga.com slash GSTV.