Boeing Wins Fraud Lawsuit Over 737 MAX Filed by LOT Polish Airlines 
SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO 
EU Antitrust Probe Could Lead to Massive Google Fine Under DMA Rules 
Intuit Raises Full-Year Forecast After Strong Q3 Earnings Despite Stock Drop 
SoftBank Shares Surge as OpenAI IPO Buzz and SB Energy Filing Boost AI Optimism 
Lam Research Expands AI-Powered Semiconductor Tools and Arizona Operations 
GameStop Raises eBay Stake to 6.6% as Ryan Cohen Pushes $56 Billion Takeover Bid 
OpenAI Eyes IPO Filing as Early as This Week Amid Rising AI Competition 
Samsung Shares Surge After Strike Deal Eases Labor Tensions 
SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge 
Walmart Stock Falls Despite Strong Q1 Revenue Beat and E-Commerce Growth 
Anthropic Revenue Surge Signals Strong AI Market Momentum in 2026 
JPMorgan Sees Large-Cap Biotech Stocks Entering New Growth Phase in 2026 
Mistral AI Acquires Emmi AI to Expand Industrial AI Solutions in Europe 
Toshifumi Suzuki, Founder of Seven-Eleven Japan, Dies at 93 
NHS shakeup: if it sounds like we’ve been here before, it’s because we have 
CoreWeave, a cloud provider backed by Nvidia (NASDAQ:NVDA), has filed for a U.S. IPO, aiming for a valuation exceeding $35 billion. The company, which supplies high-powered chips and data center access for AI workloads, saw its revenue surge over eightfold to $1.92 billion in 2024 from $228.9 million in 2023. Despite this growth, its net loss widened to $863.4 million.
The IPO, expected to raise over $3 billion, comes as AI-driven demand for cloud computing accelerates. CoreWeave competes with Microsoft (NASDAQ:MSFT) Azure and Amazon (NASDAQ:AMZN) AWS, serving major clients like Meta (NASDAQ:META), IBM (NYSE:IBM), and hedge fund Jane Street. Nvidia, holding a 6% stake in the company, remains a key supplier.
Founded in 2017, the Roseland, New Jersey-based firm has expanded its data center footprint from 10 to 32 in 2024, operating over 250,000 GPUs. It has raised more than $14.5 billion across 12 financing rounds, including a $7 billion private debt funding led by Blackstone (NYSE:BX) and Magnetar in May.
The listing comes amid a booming AI sector, despite concerns over spending slowdowns following Microsoft's reported data center lease cuts and rising competition from China’s DeepSeek. However, Nvidia's strong earnings reaffirmed continued AI investment.
A successful CoreWeave IPO could reignite the tech IPO market, attracting more AI firms to go public. The company, backed by major investors like Fidelity and Magnetar, has enlisted 14 banks, including Morgan Stanley, J.P. Morgan, and Goldman Sachs, to manage the offering. CoreWeave will trade under the Nasdaq ticker "CRWV," with proceeds allocated for working capital and debt repayment.
