CoreWeave’s initial public offering (IPO) has sparked a significant surge in its stock price. Despite pricing below expectations last week, the company’s shares have more than doubled to $57 by Wednesday afternoon. This rapid price increase is driven by investors’ high hopes for CoreWeave’s potential as a leader in artificial intelligence. The company’s goal is to “build the next AWS” – Amazon Web Services – for AI. As one of the pioneers in this field, CoreWeave is attracting substantial attention from the market and analysts alike.
Source: https://www.barrons.com/articles/coreweave-stock-price-ai-nvidia-aws-cloud-afb0bdc2