According to CNBC, Nvidia plans to support CoreWeave’s IPO with a $250 million order at $40 per share. Nvidia is a key supplier and investor with a 6% stake in CoreWeave. CoreWeave rents out remote access to computers powered by Nvidia’s AI chips and reported a 700% revenue jump in 2024 to $1.92 billion, with Microsoft accounting for nearly two-thirds of its revenue. CoreWeave’s debut joins a growing IPO lineup, marking a milestone for the rapidly expanding AI industry.