💨 Abstract

CoreWeave, a Nvidia-backed startup, announced a U.S. IPO targeting a valuation of up to $26 billion. The AI infrastructure provider aims to capitalize on the AI boom, which has fueled demand for data centers and high-powered servers. The offering will consist of 49 million shares priced between $47 and $55, with a potential raise of $2.7 billion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖