Today, CoreWeave began trading on the stock market, and it is looking like an inauspicious start for the AI sector. The company had initially hoped to sell shares for $47 to $55 a piece, but began trading at $39 despite being propped up by Nvidia with a massive $250 million order at $40 per share. When you look under the hood, CoreWeave is a dog of a company, with business fundamentals that raise a lot of questions, explaining the less than…
Article Source
https://gizmodo.com/coreweave-is-at-the-center-of-the-ai-revolution-and-its-ipo-looks-like-a-house-of-cards-2000582117
