CoreWeave IPO Potential

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This Nvidia-Backed IPO Grew 737% Last Year and Is About to Go Public: What Investors Should Know About CoreWeave

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CoreWeave plans to list on the Nasdaq under the symbol CRWV.

The company counts Nvidia (NASDAQ: NVDA ) as a big investor and Microsoft as a huge customer.

In April 2023 , Nvidia invested in the company, and today , the AI chip giant owns just over 5% of the stock.

In 2024 , 62% of CoreWeave 's revenue came from just one company: Microsoft .

Microsoft has been renting spare GPU capacity from CoreWeaves to supplement its Azure cloud, despite spending tens of billions of dollars annually on its own cloud infrastructure.

Microsoft was late to the custom AI chip game but unveiled its Maia AI chip in November 2023 , just a little over a year ago .

The Motley Fool recommends Alphabet , Amazon , Microsoft , and Nvidia .

The company is set to go public this month .

The Motiley Fool has a long list of members of its board of directors.

The Fool has more than 1,000 shares of Microsoft and Amazon .

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