💨 Abstract

CoreWeave, an Nvidia-backed AI infrastructure provider, reduced the size of its US IPO and priced shares below the range, indicating reduced investor appetite. The company will sell 37.5 million shares at $40 each, down from the original plan of 49 million shares. Investors are concerned about CoreWeave's long-term growth, financial risks, capital intensity, and reliance on Microsoft.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖