Nvidia Corporation (NASDAQ:NVDA), a major player in the AI industry, is facing a significant market challenge following the public debut of cloud computing firm CoreWeave (NASDAQ:CRWV).
What Happened: An investor known as Bluesea Research has voiced concerns over the impact of CoreWeave’s IPO on Nvidia. The investor believes that the result of the IPO will be a “big test for Nvidia and the entire AI industry.” Bluesea Research also cautioned that a substantial correction from CoreWeave’s $40 IPO price target could negatively affect sentiment toward Nvidia’s stock, reported Business Insider.
CoreWeave, a significant client and investor for Nvidia, recently went public. By late 2024, Nvidia had provided CoreWeave with more than 250,000 GPUs and owned a 6% stake in the company.
Despite Nvidia’s robust fundamentals and its role in propelling the AI trend, its stock has seen a decrease of about 19% this year. This drop is linked to worries over a potential slowdown in spending and larger geopolitical issues. …
Full story available on Benzinga.com
Nvidia Corporation (NASDAQ:NVDA), a major player in the AI industry, is facing a significant market challenge following the public debut of cloud computing firm CoreWeave (NASDAQ:CRWV).
What Happened: An investor known as Bluesea Research has voiced concerns over the impact of CoreWeave’s IPO on Nvidia. The investor believes that the result of the IPO will be a “big test for Nvidia and the entire AI industry.” Bluesea Research also cautioned that a substantial correction from CoreWeave’s $40 IPO price target could negatively affect sentiment toward Nvidia’s stock, reported Business Insider.
CoreWeave, a significant client and investor for Nvidia, recently went public. By late 2024, Nvidia had provided CoreWeave with more than 250,000 GPUs and owned a 6% stake in the company.
Despite Nvidia’s robust fundamentals and its role in propelling the AI trend, its stock has seen a decrease of about 19% this year. This drop is linked to worries over a potential slowdown in spending and larger geopolitical issues. …
Full story available on Benzinga.com
Nvidia Corporation (NASDAQ:NVDA), a major player in the AI industry, is facing a significant market challenge following the public debut of cloud computing firm CoreWeave (NASDAQ:CRWV).
What Happened: An investor known as Bluesea Research has voiced concerns over the impact of CoreWeave’s IPO on Nvidia. The investor believes that the result of the IPO will be a “big test for Nvidia and the entire AI industry.” Bluesea Research also cautioned that a substantial correction from CoreWeave’s $40 IPO price target could negatively affect sentiment toward Nvidia’s stock, reported Business Insider.
CoreWeave, a significant client and investor for Nvidia, recently went public. By late 2024, Nvidia had provided CoreWeave with more than 250,000 GPUs and owned a 6% stake in the company.
Despite Nvidia’s robust fundamentals and its role in propelling the AI trend, its stock has seen a decrease of about 19% this year. This drop is linked to worries over a potential slowdown in spending and larger geopolitical issues. …Full story available on Benzinga.com Read Morebenzinga neuro, Cathie Wood, CoreWeave IPO, CRWV, Equities, KeyProj, News, NVDA, TSLA, Markets, Tech, NVDA, US67066G1040, TSLA, US88160R1014, CRWV, News, Equities, Markets, Tech, Benzinga Markets
