Nvidia Backs CoreWeave IPO With $250 Million Order, Holds 6% Stake

Benzinga

According to CNBC, Nvidia plans to support CoreWeave’s IPO with a $250 million order at $40 per share. Nvidia is a key supplier and investor with a 6% stake in CoreWeave. CoreWeave rents out remote access to computers powered by Nvidia’s AI chips and reported a 700% revenue jump in 2024 to $1.92 billion, with Microsoft accounting for nearly two-thirds of its revenue. CoreWeave’s debut joins a growing IPO lineup, marking a milestone for the rapidly expanding AI industry.

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00:00It's Benzinga bringing Wall Street to Main Street plans to support Corweave's IPO,

00:04a $250 million order at $40 per share, according to CNBC.

00:08It is a key supplier investor, the 6% stake in Corweave.

00:12Corweave rents out remote access to computers powered by NVIDIA's AI chips,

00:15and reported a 700% revenue jump in 2024 to $1.92 billion.

00:20Microsoft accounted for nearly two thirds of its revenue.

00:23Corweave's debut joins a growing IPO lineup,

00:25marking a milestone for the rapidly expanding AI industry.

00:29For all things money, visit Benzinga.com slash GSTV.

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