IPO Report
Jeffrey Emanuel, known for turning Wall Street’s attention to the risk DeepSeek might pose to Nvidia, warns that CoreWeave’s IPO is way overvalued
Published: March 20, 2025 at 1:24 p.m. ET
Jeffrey Emanuel was a little-known crypto executive and blogger when he sat down to pen a cautionary post on Nvidia Corp. earlier this year. His warning about the cost efficiencies exhibited by Chinese artificial-intelligence startup DeepSeek helped shave $600 billion off Nvidia’s market capitalization in a single day.
When Emanuel wrote that post, it caught the attention of prominent thinkers from Wall Street to Silicon Valley. Now he’s hoping they listen again — this time to his warnings on New Jersey-based CoreWeave Inc. CRWV, the cloud-services provider expected to go public in the coming weeks.
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