An artificial intelligence listed on the stock exchange Coreweaven The stock trades for more than $ 40, which is less than expected of the share. According to CNBC, the target was $ 47-55.
The company eventually sold its shares at a price of $ 40 for a total of $ 1.5 billion. At about $ 40, the company’s market value is approximately $ 19 billion.
Coreweave’s listing is particularly emphasized by the gloomy market atmosphere of technology shares. Market’s concern is persistent inflation, president Donald Trump Trade policy and weaker growth in private consumption.
The company’s business requires a lot of capital to invest in artificial intelligence technology and has a debt of $ 13 billion.
The company’s largest owners are artificial intelligence Nvidiawhose graphics processors have purchased hundreds of thousands of songs according to CNBC. Coreweave rents its artificial intelligence servers to artificial intelligence.
The largest customer of the company is Microsoftwhich offers cloud servers artificial intelligence Ohi NovI: lle. Microsoft accounted for 62 % of Coreweave last year’s $ 1.9 billion. The company made $ 863 million in losses last year, but its net sales increased by 737 per cent.
Other customers of the company include technology companies Meta Platforms and IBM. Also Nokia told about the fall made a contract with Coreweave. The worst competitors are Amazon, Google and Oracle.
The company is the largest listing of a technology company after 2021 and the first cleaning of the artificial intelligence company.
US listings have been low since 2021, when rapid inflation struck technology shares.
Coreweave’s successful listing is hoped to inspire the listing wave of new artificial intelligence companies.