IPO Report
One analyst says investors seem to be taking issue with CoreWeave specifically, which he views as ‘nothing more than a highly leveraged, off-balance-sheet arrangement for Nvidia’
Last Updated: March 28, 2025 at 3:13 p.m. ET
First Published: March 28, 2025 at 1:17 p.m. ET
CoreWeave Inc.’s initial public offering was met with jeers on Wall Street — but don’t take that as an indictment on the artificial-intelligence trend more generally, according to some experts.
While investors are starting to wonder more about the sustainability of AI spending, that doesn’t seem to be why CoreWeave CRWV ended up pricing its IPO below its original range, or why its stock failed to find much momentum after it began trading Friday afternoon.
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