Nvidia to Anchor CoreWeave IPO at $40 Per Share with $250 Million Order

Nvidia is set to play a key role in CoreWeave’s upcoming initial public offering (IPO) by committing a $250 million order at $40 per share, according to a source familiar with the matter.

Key Highlights of the CoreWeave IPO

• CoreWeave initially filed its IPO at a price range of $47 to $55 per share.

• The company is not planning to downsize or refile despite the adjusted price point.

• Nvidia, a major CoreWeave customer and investor, owns about 6% of the company.

• The IPO is a positive signal for the broader IPO market, which has been sluggish in recent years.

Nvidia’s Role in CoreWeave’s Growth

CoreWeave provides cloud-based computing services powered by Nvidia’s AI chips, making it a crucial player in the growing AI infrastructure sector. Nvidia’s substantial order highlights its continued investment in CoreWeave’s future.

Both Nvidia and CoreWeave declined to comment on the latest development.

A Boost for the IPO Market Amid Economic Uncertainty

The IPO market has been slow in recent years due to high inflation and interest rates. However, CoreWeave’s offering signals a potential rebound.

• Other major companies preparing for IPOs include StubHub, Hinge Health, and Klarna.

• The Nasdaq has struggled in 2025, down 7% so far, as tech stocks face tariff-related trade war concerns.

CoreWeave’s AI Evolution and Financials

• Originally launched in 2017 as Atlantic Crypto, CoreWeave pivoted to AI after the crypto market decline.

• The company’s 2024 revenue surged 700% to $1.92 billion, but it reported a net loss of $863.4 million.

• Microsoft was CoreWeave’s biggest client in 2024, accounting for 62% of total revenue.

CoreWeave’s IPO is being closely watched as a major milestone in the AI industry, reflecting growing investor interest in cloud computing and artificial intelligence.