CoreWeave goes public at $40, but spikes to $200 thanks to Nvidia's backing

In the spring of 2025, a significant development occurred in the AI sector with CoreWeave's initial public offering (IPO) in the United States. CoreWeave, based in the U.S., launched with a share price of approximately $40, issuing around 37.5 million Class A shares and consequently reaching a valuation of approximately $23 billion. The company’s success can be attributed partly to the critical backing it received from Nvidia, a leader in GPU production, which provided CoreWeave access to advanced hardware and enabled the scaling of their operations, especially during periods of GPU shortages. This strategic partnership signifies a noteworthy collaboration in the AI field, highlighting how established tech giants are influencing emerging companies within the industry. In Europe, LightOn executed an IPO in 2024, marking another pivotal moment in the AI market outside of the U.S. The company, led by its co-founders Igor Carron and Laurent Daudet, aimed to leverage the funds raised for expanding their international sales and innovating their Paradigm platform. This shift followed the company's pivot from an initial focus on optical processing units to developing large language models, underscoring the evolving nature of technology investments in AI. Adding to this, Cerebras has filed for an IPO set for the future, with its innovative chip technology positioning it as a significant player in the AI space. The company is known for its