💨 Abstract

CoreWeave, an AI infrastructure firm backed by Nvidia, had a lackluster Nasdaq debut on Friday, opening 3% below its offer price and giving it a valuation of $22.7 billion. The weak performance could dampen investor sentiment towards AI infrastructure, amid concerns about Big Tech's spending and competition from lower-cost options. The IPO was the largest AI-related listing by amount raised.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖