💨 Abstract

CoreWeave's shares opened flat in its Nasdaq debut, valued at $23 billion, despite being backed by Nvidia. The lackluster performance may signal a slow recovery for IPOs amid market volatility and concerns about Big Tech spending and competition from lower-cost AI options. CoreWeave's revenue growth is high, but it heavily relies on top customers, including Microsoft.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖