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Nvidia-Backed CoreWeave Shakes Up Cloud Market, Plans 2025 IPO Nvidia-Backed CoreWeave Shakes Up Cloud Market, Plans 2025 IPO

Investor's Business Daily
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CoreWeave , backed by Nvidia , could finally be the generative artificial intelligence startup that goes public with a bang.

The company recently hired top Wall Street bankers as it prepares for a 2025 initial public offering.

Nvidia 's biggest AI chip customers are cloud computing giants Amazon Web Services , Microsoft and Google .

Amazon and Google have built their own AI accelerator chips.

Nvidia stock has jumped 180% in 2024 after surging 239% last year .

CoreWeave expects roughly $2 billion in revenue in 2024 and expects revenue to quadruple to $8 billion next year .

Microsoft is the biggest investor in generative AI startup Open AI , which is the leader in building AI models.