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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.

EU Goods Trade With Canada Grows In 2025 As Imports Rise Faster Than Exports

European Union goods exports to Canada increased by 1.2% in 2025 to €48.8 billion, while imports grew by 18% to €33 billion, narrowing the bloc’s trade surplus to €15.8 billion, according to Eurostat.

Despite the faster growth in imports, the EU continued to export substantially more goods to Canada than it imported. The figures point to expanding bilateral trade, with imports gaining ground more quickly than exports.

Trade Expands Under CETA

EU exports to Canada rose from €48.2 billion in 2024, while imports increased from €28 billion. Overall, bilateral goods trade reached €81.8 billion in 2025.

The growth follows the provisional entry into force of the Comprehensive Economic and Trade Agreement (CETA) in September 2017. Between 2015 and 2017, EU-Canada goods trade grew by an average of 4.7% annually. From 2018 to 2025, its total value increased from €54.2 billion to €81.8 billion, equivalent to average annual growth of 6.1%.

Machinery And Pharmaceuticals Lead EU Exports

Industrial and high-value manufactured goods dominated EU exports to Canada in 2025. Machinery and mechanical appliances topped the list at €9.4 billion, accounting for 19.3% of total exports.

Pharmaceutical products ranked second at €5.5 billion, or 11.2%, closely followed by vehicles, cars, motorcycles and parts at €5.4 billion, representing 11.1%. Electrical machinery and equipment contributed €3.3 billion, or 6.7%, while optical, photographic and medical instruments accounted for €2 billion, equivalent to 4.1%.

Raw Materials And Industrial Goods Drive Canadian Imports

Canada’s exports to the EU were led by raw materials and industrial inputs. Ores, slag and ash formed the largest category, valued at €4 billion and accounting for 12.2% of EU imports from Canada.

Machinery and mechanical appliances followed at €3.8 billion, representing 11.4%. Mineral fuels, oils and distillation products reached €3.1 billion, or 9.4%, while aircraft, spacecraft and parts totalled €2.9 billion, accounting for 8.9%. Pharmaceutical products completed the top five at €1.9 billion, or 5.9%.

A Growing Trade Relationship

Eurostat’s figures show that EU-Canada goods trade continues to expand, although the balance is shifting as imports grow faster than exports. The EU remains a net exporter, while Canada supplies a mix of raw materials, energy-related products and manufactured goods.

The narrowing surplus highlights a more dynamic bilateral trade relationship, with both sides increasing their role in the exchange of industrial products and strategically important goods.

Uol
Aretilaw firm
eCredo
The Future Forbes Realty Global Properties

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