And replies on CoreWeave
Wishful thinking results in a faceplant
The company closed flat after a volatile trading debut and concerns over its business model
‘Hyper-rational’ CEO secured important deals with Blackstone and Microsoft to create a cloud computing giant ahead of IPO
Investor enthusiasm for companies linked to artificial intelligence boom has waned this year
CoreWeave’s faltering IPO is a symptom of market enshittification
Plus the US fiscal impulse
Newly public companies always carry some grit, but data centre operator’s downsized listing shows it has a particularly high number of wrinkles
Cloud computing provider had initially targeted as much as $4bn
An unusual company enters an unusual investing environment
The differences and similarities with Global Crossing are worth examining
Oh what a tangled web, CoreWeave . . .
A data centre field of dreams, or the WeWork of the AI bubble?
Plus, HSBC fired bankers on bonus day and the big-time value destruction at Family Dollar
US cloud company seeking blockbuster $32bn IPO had to remedy serious administrative errors in December
Cloud computing group seeking $32bn IPO must convince backers it can grow fast to settle huge financial obligations
Data centre provider’s New York listing expected to be among top tech deals of 2025
CoreWeave and Klarna among start-ups expected to publicly list their shares as soon as next month
Deal is a boost to cloud computing provider ahead of $35bn initial public offering
AI data centre provider dealt blow by biggest client as it readies for blockbuster listing
Plus, Microsoft walks away from some CoreWeave commitments and two hedge fund giants grapple with their legacy
Close ties to Nvidia and Microsoft are the secret sauce but any big dependency is a valuation risk
Executives have met investors this week to test waters on offering that could value company at $35bn
CoreWeave benefits from jump in AI chip demand and eyes UK and Europe expansion
