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Investor's Business Daily

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Technology

AI-focused cloud provider CoreWeave files for its much-anticipated IPO

Investor's Business Daily
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New Jersey -based CoreWeave rents cloud-computing capacity powered with Nvidia chips to AI developers.

The company's revenue grew more than 700% year-over-year to $1.9 billion in 2024 , according to its IPO prospectus filing.

Nvidia is also an investor, with a roughly 6% stake in the company, the filing says.

The offering will be the highest-profile technology IPO so far this year .