Sign up for our free daily newsletter
Get the latest news and some fun stuff
in your inbox every day
CoreWeave is preparing for a US IPO in mid-2025, aiming for a valuation of over $35 billion. The New Jersey-based AI cloud platform plans to raise over $3 billion, which is great news for Nvidia, one of its original investors.
As demand for AI infrastructure like data centres and high-powered chips surges, CoreWeave has emerged as a key player, backed by Nvidia to compete with Microsoft Azure and Amazon AWS. This follows a $650 million secondary share sale that valued CoreWeave at $23 billion, with investors including Jane Street, Magnetar, Fidelity, and Macquarie Capital.
The IPO would align with growing investor interest in AI and cloud technologies, which are projected to attract $79 billion in private funding this year. CoreWeave's listing is part of a broader trend, as markets warm up to high-profile IPOs following two years of volatility.
