💨 Abstract
Nvidia-backed AI infrastructure company CoreWeave is set to debut on Nasdaq with a potential valuation of $27.4 billion. However, concerns have been raised due to its heavy reliance on Microsoft for 77% of its revenue, high leverage, and capital-intensive business model. The company's strong debut may signal a positive trend for other IPO candidates amid equity market turbulence.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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