menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Report: Co...
source image

Pymnts

4d

read

258

img
dot

Image Credit: Pymnts

Report: CoreWeave’s Downsized IPO Signals Cooling of Enthusiasm for AI

  • CoreWeave has downsized its initial public offering (IPO), indicating a cooling of investor enthusiasm for AI IPOs and IPOs in general.
  • The company is pricing its IPO at $40 per share, lower than its initial expectation of $47 to $55 per share.
  • CoreWeave has also reduced the size of its IPO from 49 million shares to 37.5 million shares.
  • These changes reflect a decline in investor interest in AI and uncertainties about the sustainability of the AI boom.

Read Full Article

like

15 Likes

For uninterrupted reading, download the app