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Nvidia-Backed CoreWeave Eyes $35 Billion IPO Amid AI Boom

CoreWeave, a cloud computing company specializing in AI infrastructure, is preparing for a major IPO on Nasdaq under the ticker “CRWV.” The Nvidia-backed firm aims to raise up to $2.7 billion, setting a valuation exceeding $35 billion, making it one of the biggest tech listings in recent years.

Key Facts

  • 49 million shares priced between $47 and $55 each.
  • Revenue skyrocketed from $229M in 2023 to $1.9B in 2024, though net losses also climbed to $863M.
  • IPO led by Morgan Stanley, JP Morgan, and Goldman Sachs.
  • $11.9B deal with OpenAI, including a $350M private investment from OpenAI.
  • AI infrastructure powered by 300,000 Nvidia GPUs, supporting Meta, IBM, and Microsoft.

The Nvidia Partnership

Nvidia’s strategic backing has been crucial in CoreWeave’s rise. The firm secured $2.3B in debt financing using Nvidia GPUs as collateral and is integrating Nvidia’s latest GB200 NVL72 cloud instances, offering cutting-edge AI processing capabilities.

Market Impact

CoreWeave’s IPO could revive the tech IPO market and signal a strong investor appetite for AI-driven companies. However, economic uncertainty and shifts in AI infrastructure strategies—especially from major clients like Microsoft—add complexity to the landscape.As the AI boom continues, CoreWeave is positioning itself as a key player in next-gen cloud computing, directly competing with Amazon and Google.

Cyprus Agriculture 2024: A Strategic Engine In The European Food Chain

Overview Of Cyprus Agricultural Output

Cyprus’ agricultural sector generated €426.04 million in gross value added in 2024, according to Eurostat. Although agriculture represents a relatively small share of the national economy, the sector continues to play a stable role in supporting rural activity and local production.

Insights From Eurostat’s Report

The figures appear in Eurostat’s December 2025 publication Key Figures on the European Food Chain, which tracks the agricultural value chain from production to consumption. The report evaluates value creation across farming, processing, distribution, trade, and environmental impact.

Comparative Analysis Across The EU

Across the European Union, agriculture accounted for 1.2% of GDP in 2024, slightly up from 1.1% in 2009. Countries with higher agricultural weight in their economies included Greece (3.2%), Romania (2.5%), and Spain (2.3%), reflecting stronger reliance on primary production.

Shifting Dynamics Within Member States

Eurostat data show that 15 EU member states recorded increases in the agriculture-to-GDP ratio. Greece registered the largest rise, followed by Latvia and Spain. Declines were observed in Romania, Bulgaria, Malta, and Croatia. In Cyprus, agriculture remains a smaller share of GDP but continues to generate measurable economic value for rural regions.

Broader Context And Economic Impact

At the EU level, the gross value added at basic prices for agriculture was recorded at €222.82 billion in 2024, compared to €246.95 billion in 2025. These figures, presented in millions of euros, capture the scale of agricultural output across the bloc. They also serve as a reminder that even in countries where agriculture represents a minor fraction of GDP, such as Cyprus, the sector plays a crucial role in sustaining economic and rural prosperity.

Conclusion

In summary, the 2024 data reflects not only the dynamic nature of the EU agricultural sector but also the ongoing importance of farming as a structural pillar within various national economies. Cyprus, despite its lower relative share, continues to harness significant economic benefits from its agricultural landscape, ensuring that its rural communities remain economically vibrant.

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