CoreWeave’s $23 billion IPO: A risky bet or AI’s next big opportunity? Can the Nvidia-backed AI cloud giant overcome market volatility, Microsoft dependence, and financial challenges?

CoreWeave, the Nvidia-backed AI cloud company, has launched its IPO at $40 per share, significantly below its initial expectations. The company, now valued at $23 billion, had to downsize its offering due to market volatility and investor concerns about its financial sustainability. Despite rapid revenue growth of 700% last year, CoreWeave remains unprofitable with a net loss of $863 million. Its heavy reliance on Microsoft and the capital-intensive nature of its business raise further questions. Investors are closely watching whether CoreWeave can sustain its growth and profitability in an increasingly competitive AI infrastructure market.