Testing sentiments of AI market, Nvidia-backed CoreWaeve eyes up to $32 billion valuation in IPO

Testing sentiments of AI market, Nvidia-backed CoreWaeve eyes up to $32 billion valuation in IPO

Nvidia-backed cloud services provider CoreWeave is gearing up for a highly anticipated U.S. initial public offering (IPO), targeting a valuation of up to $32 billion.

The AI boom propelled Nvidia stock prices to stratospheric levels until a steep sell-off early this year triggered by the sudden success of DeepSeek. Reuters