CoreWeave closes $650 million secondary sale as AI startups lure investors [Yahoo! Finance]
Pure Storage, Inc. Class A (PSTG)
Last pure storage, inc. class a earnings: 2/27 04:02 pm
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Source: Yahoo! Finance
Street, Magnetar, Fidelity Management and Macquarie Capital, as investors look to capitalize on the generative AI boom. The secondary sale, which involves existing shareholders selling their holding to new investors, valued the company at $23 billion, according to a source familiar with the matter. CoreWeave in May was valued at $19 billion after a $1.1 billion series C investment led by private equity firm Coatue, a source had said at the time. Demand for cloud computing services such as those provided by specialized firms like CoreWeave has sky-rocketed since the launch of OpenAI's ChatGPT in late 2022 as businesses rush to develop their own generative AI applications. CoreWeave provides services powered by pricey and supply-constrained AI chips, such as those sold by backer and AI bellwether Nvidia. The company competes against cloud computing service providers such as tech giant Microsoft's Azure and Amazon's AWS. The round included additional participation from Cisco
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PSTG
News
- Why Pure Storage (PSTG) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Pure Storage, Inc. (NYSE: PSTG) had its price target lowered by analysts at Citigroup Inc. from $67.00 to $63.00. They now have a "buy" rating on the stock.MarketBeat
- Pure Storage Introduces New GenAI Pod to Accelerate AI Innovation [Yahoo! Finance]Yahoo! Finance
- Pure Storage Introduces New GenAI Pod to Accelerate AI InnovationPR Newswire
- Why Pure Storage (PSTG) Could Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
PSTG
Earnings
- 8/28/24 - Beat
PSTG
Sec Filings
- 11/21/24 - Form 4
- 11/8/24 - Form SC
- 11/6/24 - Form 4
- PSTG's page on the SEC website