The AI space is bustling with excitement and crowded with established players, but new opportunities are emerging. CoreWeave, backed by NVIDIA (NASDAQ: NVDA), is one such company to watch. Specializing in GPU-based cloud computing, CoreWeave’s partnerships with tech giants like Microsoft (NASDAQ: MSFT) have driven remarkable growth, with revenue increasing 1,700% in 2023.
Valued at $19 billion, CoreWeave is poised to become a significant IPO in 2024. However, the sustainability of its success may depend on its ability to compete as GPU supply constraints ease. For investors seeking pure AI exposure, CoreWeave presents a promising, though potentially volatile, opportunity.
Why CoreWave Could Become 2024’s Hottest IPO
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