Discussion

• @jimcramer Jim Cramer on x

  Master blasters coming in to get CoreWeave higher. They are doing it a little early but it can shock people and change the dialogue

• @tanayj Tanay Jaipuria on x

  CoreWeave went public today at $40/share, a ~$23B valuation.  It was 20%+ lower than initially guided range & took NVIDIA to anchor IPO for it to close per CEO.  Some notes:  · $1.9B in revenue in 2024 (up >100x from 2022)  · 62% of Revenue from Microsoft, 15% from NVIDIA  · 32 p…

• @amytongwu Amy Wu Martin on x

  Some are calling the CoreWeave IPO a flop because it didn't pop—but at a $23B FDV, it feels like a success? (for now) The company's story is volatile: - Pivoted from Ethereum mining to renting GPUs at scale in 2019 - 77% of 2024 revenue from just two customers - Microsoft + Nvidi…

• @yahoofinance @yahoofinance on x

  CoreWeave co-founder @branninmcbee: $GS, $JPM, and $MS said “that this has been the most overwhelming amount of investor interest that they've ever seen. ... This is a brand new business that nobody has ever been able to see before in the public markets.” $CRWV [video]

• @readkrystalhu Krystal Hu on x

  When public investors go early: I learned Coatue backed Corewave's Series C with strong downside protection. If 20-day VWAP of $CRWV is below *$68* after 2 years, they can ask Coreweave to pay back the $1.2 bln investment. Corewave closed its first trading day at IPO price $40 [i…

• @kevinsxu Kevin Xu on x

  CoreWeave IPO priced at $40 and its first day of trading closed at...$40!  Has this ever happened before?  No one will write this headline, but this is actually one of the best priced IPO ever CoreWeave left no money on the table, not a single cent $CRWV

• @coryweinberg Cory Weinberg on x

  Ah, startup momentum optics vs financial engineering: CoreWeave opened trading just above its Series C price ~a year ago.  What wasn't in the press release though was that those investors (the biggest are Coatue and Magnetar) can force a share repurchase from CRWV

• @coreweave @coreweave on x

  Today, CoreWeave becomes a publicly traded company on @Nasdaq as “$CRWV.” Powering the world's AI innovations. [video]

• @inafried Ina Fried on x

  CoreWeave CEO calls IPO a “victory” despite shrunken size https://www.axios.com/...

• @thestalwart Joe Weisenthal on x

  Every time there's a big pop after an IPO, you get people out there talking about how the IPO process is broken. They left money on the table! So I guess CoreWeave, by this measure is, a success? The company actually took money off the table.

• @mikeisaac Rat King on x

  guessing we're seeing a bunch of positive-for-them leaks from infrastructure AI companies right now b/c of all the shakiness around the coreweave IPO “oh we're not like them we have diversified clients and real recurring revenue” sort of thing

• @jessefelder Jesse Felder on bluesky

  “NVDA is 15% of revs which they levered up to buy billions ($) of GPUs.  Why does NVDA need to pay somebody to access their own GPUs?  It is a gimmick to create competitive tension for GPUs outside of the hyperscalers to give NVDA pricing leverage.” www.ft.com/content/daaf...

• @wsummerlinai Will Summerlin on x

  The negative sentiment around the CoreWeave IPO is largely misplaced, in my opinion. 1) Demand for compute is growing. We're seeing exponential growth driven by more complex reasoning models that require 100x more compute than traditional LLMs, surging interest in generative

• @dowdedward Edward Dowd on x

  AI darling CoreWeave prices shares below expectations. Starts trading tomorrow. Bubble pop in process. CoreWeave prices IPO at $40 a share, below expected range @CNBC https://www.cnbc.com/...

• @ibd_ecarson Ed Carson on x

  Nvidia-backed CoreWeave sold 37.5 million shares at $40 a pop, reaping $1.5 billion - far below plans for 49 mil shares at $47-$55. However, it was in line with reports earlier in the day of downsized IPO. It's the latest bad sign for AI infrastructure stocks. $CRWV $NVDA

• @kevinsxu Kevin Xu on x

  Solid column from @theinformation on the difference between @CoreWeave and @nebiusai, and perhaps the one with the cash (that's $NBIS) might be a better bet than the one with the debt (that's $CRWV). Glad to be cited and contribute some insights to the piece. [image]

• @dariocpx @dariocpx on x

  Without this Nvidia order, CoreWeave IPO would have imploded. Now the company, that was targeting a 55-47$ price range is instead going to start trading at 40$ (thanks to Nvidia last minute backstop order) ~19bn$ valuation Reminder: MSM was spreading misinformation claiming

• @danielnewmanuv Daniel Newman on x

  Putting the @CoreWeave IPO under the microscope. 🔬 With big backing from NVIDIA and big customers like Microsoft and IBM, this deal is projected to be one of the most exciting IPOs in a long time. 💥 But, concerns have surfaced just ahead of its first trade taking the [image]

• @lizrhoffman Liz Hoffman on x

  Scoop: CoreWeave is planning to downsize its IPO and cut the price — I'm hearing closer to the $23B valuation it had in the private market a year ago than the ~$30B it wanted.

• @austinahlman Austin Ahlman on x

  hard not to notice that the drip of bad news on the AI market is getting steadier and steadier