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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.

Berkshire Hathaway Invests Another $330 Million In Bending Spoons

Bending Spoons shares rose 35% after Berkshire Hathaway disclosed a further $330 million investment in the Italy-based software company. The move signals continued institutional confidence in a business that has become one of Europe’s closely watched technology players.

Berkshire Increases Its Stake

A new securities filing revealed that Berkshire will purchase 10 million ordinary shares at $33 each, bringing its stake in Bending Spoons to 4%. The investment follows a $600 million commitment in July, when the company went public on Nasdaq.

Shares climbed 35% following the disclosure, adding to the momentum behind Bending Spoons’ strategy of acquiring and optimising software and digital businesses.

Funding Future Acquisitions

“Bending Spoons continuously evaluates M&A opportunities, and our pipeline remains strong,” said Francesco Patarnello, the company’s co-founder and head of business acquisitions.

He added that Berkshire’s investment reflects confidence in the team and its platform, while strengthening the company’s financial flexibility and capacity to pursue acquisitions as part of its broader financing strategy.

For a company built around buying, integrating and improving digital businesses, access to capital is central to its growth strategy. Berkshire’s backing could also strengthen Bending Spoons’ position as it competes for acquisitions in a market where financing can be decisive.

Berkshire Signals Continuity Under Greg Abel

The investment comes as Greg Abel leads Berkshire Hathaway, having taken over as CEO from Warren Buffett at the start of the year. Abel’s early investment decisions suggest continuity in Berkshire’s focus on established businesses with long-term potential.

For Bending Spoons, the additional investment provides both capital and a vote of confidence from one of the world’s most prominent investment groups.

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