CoreWeave’s shares were set to open nearly 18% above their offer price in their Nasdaq debut on Friday, giving the Nvidia-backed AI infrastructure firm a potential valuation of $27.4 billion on a fully diluted basis. While investors have propelled AI-related companies such as Nvidia and Microsoft to stratospheric valuations, CoreWeave has stirred concerns among risk-averse investors. The company provides access to data centers and high-powered Nvidia chips, which have become the most sought-after resource in the race to develop AI applications.CoreWeave’s capital-intensive business model also raised questions about sustainability, Is CoreWeave’s investment too risk ?
