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0.000316627800316017 0.000236606421765017 -0.00116524958025831 -0.000523102715342813 -0.0012798480976894 -0.00536390215855203 -0.00536390215855203 -0.00536390215855203
Stock impact report

AI reality bytes Nvidia-backed CoreWeave IPO [Yahoo! Finance]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Hyped as the hottest IPO of the year, the Livingston, N.J., group, which began its commercial life as a bitcoin miner in 2017, was originally looking to raise around $4 billion from a Nasdaq listing that would value it at around $35 billion. Don't miss the move: Subscribe to TheStreet's free daily newsletter Reports now suggest it's preparing to slash those ambitions to around $1.5 billion and $23 billion respectively, with Nvidia NVDA stepping in at the 11th hour in the form of a $250 million stock order ahead of its Friday debut. CoreWeave, which provides clients with cloud-computing resources powered by a large inventory of Nvidia chips, had been looking to capitalize on the AI investment wave and its close proximity to the market leader's key technologies. CoreWeave touted a massive sevenfold revenue increase in its pre-IPO update this month. But concerns emerged as investors looked more closely at its business model — which at present relies on just two customers f Show less Read more
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