CoreWeave (NASDAQ:CRWV) 株価情報

CoreWeave Inc is a modern cloud infrastructure technology company that offers the CoreWeave Cloud Platform which consists of proprietary software and cloud services that deliver the automation and efficiency needed to manage complex AI infrastructure at scale. Its platform supports the development and use of ground-breaking models and the delivery of the next generation of AI applications that are changing the way of living and working across the globe.

CoreWeave Inc

Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google is looking to increase its AI and computing resources to support its growing range of applications.
With Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) latest generation Blackwell GPUs seeing massive order backlogs and wait times as high as 12 months, the company is resorting to other solutions to overcome this bottleneck.
See More: <a href="https://www.benzinga.com/news/ipos/25/03/44520808/nvidia-backed-coreweave-ipo-5-things-investors-need-to-know-before-buying-shares">Nvidia-Backed CoreWeave IPO: 5 Things Investors Need To Know Before Buying Shares</a>
What Happened: According to reports <a href="https://www.theinformation.com/articles/google-advanced-talks-rent-nvidia-ai-servers-coreweave">from</a> The Information, Google is in talks with the recently listed CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) to rent the latter&#8217;s Nvidia servers, which are equipped with the latest generation Blackwell chips.
Additionally, the search giant might also rent space in CoreWeave&#8217;s data centers to install its own Tensor Processing Unit (TPU) chips, which were <a href="https://benzinga.com/analyst-ratings/analyst-color/25/02/43570410/broadcoms-trillion-dollar-run-analyst-expects-asic-to-take-10-15-market-share-backed-by-ai-compute-demand">made in collaboration with Broadcom Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>).
CoreWeave, which was listed on the Nasdaq late last week, is up 53% from its offer price of $40, owing to its multi-billion dollar deals with several heavy-hitters in the AI space. Currently, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) accounts for 60% of the company&#8217;s $1.9 billion in annual revenue, but it is quickly diversifying.
In addition to its talks with Google, CoreWeave recently signed a 5-year deal with OpenAI worth $12 billion for its growing AI infrastructure needs. 
Why It Matters: Whether it is Google, Nvidia&#8217;s backlogs, or <a href="https://www.benzinga.com/markets/equities/25/04/44601565/coreweave-surges-42-in-post-ipo-rally-as-nvidia-backed-ai-firm-recovers-from-weak-debut">CoreWeave&#8217;s rally</a>, they all point to the same thing &#8211; the unrelenting demand for AI computing, which is only set to grow by leaps and bounds.
While Google and Nvidia are both down 17% and 20% year-to-date, owing to high valuations and turmoil surrounding tariffs, Nvidia CEO Jensen Huang did not hesitate when saying that reasoning models will require at least 100 times more computing power than the current generation models that power the likes of ChatGPT.
In other words, we&#8217;ve barely scratched the surface in terms of AI infrastructure demand, with plenty more growth to be had across all these stocks.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="688" height="232" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03045206/Screenshot-2025-04-03-at-2.18.44-PM.png" alt="" class="wp-image-854848" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03045206/Screenshot-2025-04-03-at-2.18.44-PM.png 688w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03045206/Screenshot-2025-04-03-at-2.18.44-PM-300x101.png 300w" sizes="(max-width: 688px) 100vw, 688px" /></a></figure>
Following a weak debut, Coreweave started rallying this week, and according to Benzinga&#8217;s Edge Stock Rankings, it is set to see strong price trends in the short, medium, and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for more such insights. 
Read More:
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<li><a href="https://www.benzinga.com/25/03/44140237/coreweave-acquires-weights-biases-to-enhance-ai-development">Nvidia Backed CoreWeave Acquires AI Developer Platform Weights &amp; Biases</a></li>
</ul>
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Google In Talks To Rent Nvidia's Blackwell Chips From CoreWeave: Report

WIIM

CoreWeave shares are trading higher following a report from The Information suggesting that Google is in advanced talks to rent Nvidia AI servers from CoreWeave.

<a href="https://www.theinformation.com/articles/google-advanced-talks-rent-nvidia-ai-servers-coreweave" title="https://www.theinformation.com/articles/google-advanced-talks-rent-nvidia-ai-servers-coreweave">https://www.theinformation.com/articles/google-advanced-talks-rent-nvidia-ai-servers-coreweave</a>

'Google in Advanced Talks to Rent Nvidia AI Servers From CoreWeave' -The Information

CoreWeave is the first cloud service provider to submit MLPerf Inference v5.0 results for NVIDIA GB200 Superchips

CoreWeave Achieves AI Inferencing Benchmark With NVIDIA GB200 Grace Blackwell Superchips

U.S. stocks were lower, with the Dow Jones index falling over 100 points on Wednesday.
Shares of Cognyte Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNT#NASDAQ">CGNT</a>) rose sharply during Wednesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/quote/CGNT">fourth-quarter financial results</a>.
Cognyte Software posted adjusted earnings of 3 cents per share, beating market estimates of 1 cent per share. The company's quarterly sales came in at $94.505 million versus expectations of $93.154 million.
Cognyte Software shares jumped 22.1% to $10.04 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>AngioDynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) shares rose 13.7% to $10.98 after the company reported better-than-expected third-quarter sales results and raised its FY25 guidance above estimates.</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) gained 13.1% to $14.26.</li>
<li>Cytokinetics, Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTK#NASDAQ">CYTK</a>) shares rose 12% to $41.99.</li>
<li>Redfin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) shares surged 11.7% to $10.69.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) gained 10.1% to $57.90.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GYRE#NASDAQ">GYRE</a>) rose 9.8% to $7.04.</li>
<li>Mr. Cooper Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>) surged 9.5% to $136.97.</li>
<li>Sana Biotechnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANA#NASDAQ">SANA</a>) gained 8.3% to $1.6250.</li>
<li>Allegiant Travel Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) rose 7.1% to $54.45. Raymond James analyst Savanthi Syth upgraded Allegiant Travel from Outperform to Strong Buy and lowered the price target from $125 to $90.</li>
<li>Studio City International Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSC#NYSE">MSC</a>) gained 7% to $3.85.</li>
<li>Arcellx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLX#NASDAQ">ACLX</a>) gained 5.9% to $64.28.</li>
<li>Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) shares rose 4.6% to $64.34.</li>
<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) rose 3.8% to $248.24 ahead of quarterly earnings.</li>
</ul>
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Cognyte Software Posts Upbeat Results, Joins AngioDynamics, Allegiant Travel And Other Big Stocks Moving Higher On Wednesday

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has consistently achieved record revenue over the years, and analysts project continued growth. However, its investments in neo cloud companies may impact revenue, according to an analyst. 
What Happened: This analyst, who was a former public equity investor in Nvidia on the buy side, explains why it was important for Jensen Huang to diversify his investments.
Nvidia has recently invested in CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), ahead of its IPO, and it invested in Nebius Group NV. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIS#NASDAQ">NBIS</a>) in December 2024.
According to Gavin Baker, the managing partner and CIO at Atreides Management, &#8220;If Nvidia had not put any money into CoreWeave, and not put any money into other neo clouds, I don&#8217;t think it would have impacted their revenues at all.&#8221;
While speaking at the All-In Podcast, Baker said that Nvidia could have potentially sold more to Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and generated higher revenue, instead of investing in neo cloud companies.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="The AI Cold War, Signalgate, CoreWeave IPO, Tariff Endgames, El Salvador Deportations" width="500" height="281" src="https://www.youtube.com/embed/Iazo7g40VbQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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He explained that even three years ago, the three major players in the cloud computing space dominated that market.
&#8220;If you&#8217;re Nvidia, that&#8217;s not great, to have just three big customers. Those big clouds, particularly in 2023, when there was such a rush to get GPUs, they each wanted their own custom version of an Nvidia server,&#8221; he said.
&#8220;Nvidia, by giving a standard reference design to companies like CoreWeave, got GPUs in the market a lot faster… …So the incremental share of revenue for the big three cloud computing hyperscalers went down, and that was nothing but good for Nvidia because they now have a more fragmented base of buyers, who have less power over them.&#8221;
See Also: <a href="https://www.benzinga.com/general/market-summary/25/04/44602836/tesla-short-interest-soars-to-2116-making-it-the-4th-largest-shorted-stock-heres-what-its-charts-are-indicating">Tesla Short Interest Soars To 21.16%, Making It 4th Most Shorted Stock Currently: Here&#8217;s What Its Charts Indicate</a>
Why It Matters: According to Yahoo Finance, Nvidia is estimated to achieve sales of $204.4 billion in fiscal 2026, which would be a 56.60% gain from fiscal 2025 revenue of $130.5 billion.
While this is nearly half of the 114% year-on-year increase in fiscal 2025, analysts still believe that Nvidia&#8217;s Blackwell chip sales will lead to robust financials.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Metric</td>
<td>FY 2025</td>
<td>FY 2026 Estimate</td>
</tr>
<tr>
<td>Revenue</td>
<td>$130.5 billion</td>
<td>$204.4 billion</td>
</tr>
<tr>
<td>Revenue growth (YOY)</td>
<td>114%</td>
<td>56.60%</td>
</tr>
<tr>
<td>EPS</td>
<td>$2.99</td>
<td>$4.53</td>
</tr>
<tr>
<td>Adjusted EPS growth (YOY)</td>
<td>130%</td>
<td>51.50%</td>
</tr>
</tbody>
</table>
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For the <a href="https://www.benzinga.com/news/earnings/25/02/43991607/nvidia-q4-earnings-highlights-revenue-beat-eps-beat-demand-for-blackwell-is-amazing">first quarter of fiscal 2026</a>, due to the scaling of Blackwell AI chip production, Nvidia projects a temporary gross margin dip to 70.6%-71%, followed by a recovery to the mid-70s by the end of the year.
Price Action: Shares of Nvidia were trading 1.5% lower in premarket on Wednesday, while the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tracking the Nasdaq 100 index, was down by 0.75%.
The stock has fallen by 20.36% on a year-to-date basis, whereas it was up 23.14% over the last year.
Benzinga Edge Stock Rankings indicate Nvidia has negative price trends over the short, long, and medium term. Its momentum ranking was strong at the 75.97th percentile, but its value ranking was weaker. Further fundamental details and the quality and growth <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">rankings are available here</a>. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/report/NVDA"><img loading="lazy" decoding="async" width="799" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02074421/Nvidia-latest-edge.png" alt="" class="wp-image-853057" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02074421/Nvidia-latest-edge.png 799w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02074421/Nvidia-latest-edge-300x51.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02074421/Nvidia-latest-edge-768x131.png 768w" sizes="(max-width: 799px) 100vw, 799px" /></a></figure>
<a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">Benzinga&#8217;s analysis of 40 analysts</a> shows a consensus &#8220;buy&#8221; rating for the stock, with an average price target of $176.26, ranging from $120 to $220. Recent ratings from DA Davidson, Benchmark, and Susquehanna average $165, suggesting a 52.14% potential upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/NVDA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="387" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02074445/Nvidia-latest-ANR-1024x387.png" alt="" class="wp-image-853058" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02074445/Nvidia-latest-ANR-1024x387.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02074445/Nvidia-latest-ANR-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02074445/Nvidia-latest-ANR-768x290.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02074445/Nvidia-latest-ANR.png 1063w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/government/regulations/25/04/44601482/gold-holds-above-3100-mark-price-surge-reflects-growing-economic-uncertainty-here-are-some-etfs-to-capitalize-on-the-golden-rush">Gold Holds Above $3,100 Mark Amid Growing Economic Uncertainty: Here Are Some ETFs To Capitalize On The Golden Rush</a></li>
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Nvidia's Revenue Wouldn't Be 'Impacted...At All' If It Didn't Invest In CoreWeave: Analyst Explains Reason Behind Neo Cloud Investments

Artificial intelligence infrastructure provider CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) shares closed up 42% at $52.57 on Tuesday, marking a significant recovery in its third day of trading after the <a href="https://benzinga.com/news/ipos/25/03/44528908/nvidia-backed-coreweaves-ipo-comes-in-below-expectations-at-40-per-share">company&#8217;s initial public offering faced initial headwinds</a>.
What Happened: The Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) backed cloud computing firm, which priced its IPO at $40 per share below its expected range of $47 to $55, has now demonstrated substantial investor interest despite early concerns. CoreWeave shares had debuted at $39 on Friday.
Analysts suggest the company&#8217;s IPO challenges were specific to CoreWeave rather than indicative of the broader AI sector&#8217;s health. Rosenblatt analyst Chris Brendler noted that while the IPO debut was disappointing, it could prove beneficial for miners transitioning to <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/03/44566197/coreweave-ipo-performance-likely-due-to-company-not-ai-sector-analyst-says-investor-sentiment-remains-mixed">high-performance computing</a>.
&#8220;The market has been taking a &#8216;glass half empty&#8217; approach lately, but we still think CoreWeave&#8217;s IPO and HPC deal with Galaxy are positive developments,&#8221; Brendler said, highlighting a new 15-year lease between Galaxy Digital (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BRPHF#OTC">BRPHF</a>) and CoreWeave announced Friday.
D. Boral Capital analyst Jesse Sobelson pointed to specific company challenges, noting CoreWeave ultimately raised $1.5 billion instead of its initial $2.7 billion target. Nvidia reportedly helped backstop the offering <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/03/44566197/coreweave-ipo-performance-likely-due-to-company-not-ai-sector-analyst-says-investor-sentiment-remains-mixed">when investor demand fell short of expectations</a>.
See Also: <a href="https://www.benzinga.com/government/regulations/25/04/44601482/gold-holds-above-3100-mark-price-surge-reflects-growing-economic-uncertainty-here-are-some-etfs-to-capitalize-on-the-golden-rush">Gold Holds Above $3,100 Mark Amid Growing Economic Uncertainty: Here Are Some ETFs To Capitalize On The Golden Rush</a>
Why It Matters: CoreWeave&#8217;s strategic partnerships with industry leaders, including OpenAI, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Nvidia, demonstrate significant confidence in the <a href="https://in.benzinga.com/news/ipos/25/03/44100280/nvidia-backed-coreweave-files-for-ipo-amid-explosive-ai-growth-revenue-surges-737-to-1-9-billion">company&#8217;s long-term potential</a>.
The company&#8217;s business model centers on renting high-performance GPU infrastructure to enterprises requiring substantial computational power for AI and machine learning workloads, a sector experiencing extraordinary demand growth, with CoreWeave reporting 737% year-over-year <a href="https://in.benzinga.com/news/ipos/25/03/44100280/nvidia-backed-coreweave-files-for-ipo-amid-explosive-ai-growth-revenue-surges-737-to-1-9-billion">revenue growth in 2024</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BRPHF

CoreWeave Surges 42% In Post-IPO Rally As Nvidia-Backed AI Firm Recovers From Weak Debut

CoreWeave Option Alert: Apr 17 $50 Calls at the Ask: 1000 @ $1.25 vs 0 OI; Ref=$40.93

U.S. stocks were lower, with the Dow Jones index falling over 300 points on Tuesday.
Shares of Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) rose sharply during Tuesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/quote/PRGS/earnings">quarterly financial results</a>.
Progress Software reported quarterly earnings of $1.31 per share which beat the analyst consensus estimate of $1.06 per share. The company reported quarterly sales of $238.01 million which beat the analyst consensus estimate of $235.63 million.
Progress Software shares surged 8.2% to $55.74 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Newsmax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMAX#NASDAQ">NMAX</a>) shares jumped 100.5% to $167.42 after jumping 735% on Monday.</li>
<li>Microvast Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) gained 20.5% to $1.41 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) gained 17.1% to $75.67 following a fourth-quarter adjusted EPS and revenue beat. Additionally, the company announced plans to enter into a $500 million accelerated share repurchase program.</li>
<li>Alumis Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALMS#NASDAQ">ALMS</a>) rose 10.6% to $6.79.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) climbed 9.8% to $40.72.</li>
<li>HUTCHMED (China) Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCM#NASDAQ">HCM</a>) climbed 7.7% to $16.20.</li>
<li>Nayax Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NYAX#NASDAQ">NYAX</a>) gained 7.5% to $36.82. William Blair analyst Cristopher Kennedy upgraded Nayax from Market Perform to Outperform.</li>
<li>LZ Technology Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LZMH#NASDAQ">LZMH</a>) gained 5.2% to $7.27.</li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) rose 4.1% to $22.51.</li>
</ul>
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ALMS

LZMH

MVST

NMAX

NYAX

OKLO

PRGS

Progress Software Posts Upbeat Results, Joins Microvast, PVH And Other Big Stocks Moving Higher On Tuesday

Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), a major player in the AI industry, is facing a significant market challenge following the public debut of cloud computing firm&nbsp;CoreWeave (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>).
What Happened: An investor known as Bluesea Research has voiced concerns over the impact of CoreWeave&#8217;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&#8217;s $40 IPO price target could negatively affect sentiment toward Nvidia&#8217;s stock, <a href="https://markets.businessinsider.com/news/stocks/this-is-a-big-test-says-investor-about-nvidia-stock-1034535228">reported</a> 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&#8217;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&nbsp;over a potential slowdown in&nbsp;spending and larger geopolitical issues. 
See Also:&nbsp;<a href="https://benzinga.com/news/25/03/44575557/mark-cuban-says-if-they-replaced-elon-musk-with-him-hes-still-try-to-make-government-smaller-by-cutting-a-lo" target="_blank" rel="noreferrer noopener">Mark Cuban Says, If They Replaced Elon Musk With Him, He&#8217;s Still Try to Make Government Smaller By &#8216;Cutting A Lot Of People&#8217;</a>
CoreWeave has already lowered&nbsp;its IPO price target by&nbsp;over 25% and decreased&nbsp;the size of its offering&nbsp;by 23.5%. Bluesea Research sees these moves as signs of a potential decrease in AI capex investments in the near future.
Why It Matters: CoreWeave&#8217;s IPO has been one of the most anticipated in recent years, backed by Nvidia. However, the IPO priced below the expected range of $47 to $55 and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44566197/coreweave-ipo-performance-likely-due-to-company-not-ai-sector-analyst-says-investor-sentiment-remains-mixed">closed its first day </a>at $40, equal to its IPO price. The company, despite generating $1.9 billion in revenue last year, remains unprofitable and carries $7 billion in debt. This led to a challenging IPO, with the company <a href="https://www.benzinga.com/25/03/44576678/cathie-wood-defies-coreweave-ipo-slump-ark-snaps-up-3-6-million-worth-of-stock-in-nvidia-backed-company">settling for $1.5 billion</a> instead of the initially aimed $2.7 billion.
Despite the IPO slump, Cathie Wood-led&nbsp;Ark Invest&nbsp;made notable trades in&nbsp;CoreWeave. The&nbsp;ARK Next Generation Internet ETF &nbsp;purchased 98,159 shares of CoreWeave. 
Meanwhile, analyst Kevin Green from Charles Schwab <a href="https://www.youtube.com/watch?v=EZEm_t13tl8">explains that </a>CoreWeave&#8217;s weak IPO highlights a broader &#8220;degrossing&#8221; trend, where investors reduce exposure to high-valuation stocks like Nvidia after strong gains. Green also suggests that despite a plateau over recent months and a short-term pullback, Nvidia's longer-term three-year uptrend remains intact. 
The performance of CoreWeave&#8217;s IPO and the subsequent market reactions provide a crucial context to Nvidia&#8217;s current market test and the broader AI industry&#8217;s investment climate. Jensen Huang&#8216;s NVDA stock has fallen over 21% in 2025 so far, according to data from <a href="http://pro.benzinga.com">Benzinga Pro.</a>
Benzinga's Edge Rankings&nbsp;highlight strong momentum and growth rankings for Nvidia in the 77th and 95th percentiles, respectively. Curious how other stocks stack up?&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here</a>&nbsp;to uncover growth and momentum scores for top stocks.<a href="https://www.benzinga.com/quote/AGX" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>
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<li>Read Next:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44578251/elon-musks-baby-mama-sells-100k-tesla-after-60-child-support-cut-maga-influencer-says-shes-not-the-only-one-who-is-cleaning-up-after-his-messes" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s &#8216;Baby Mama&#8217; Sells $100K Tesla After 60% Child Support Cut, MAGA Influencer Says She&#8217;s &#8216;Not the Only One Who Is Cleaning Up After His Messes&#8217; &#8211; Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) &#8211; Benzinga</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

TSLA

Investor Flags This As 'Big Test' for Nvidia Stock As Jensen Huang-Led Company Loses Over 21% In 2025

On Monday, Cathie Wood-led Ark Invest made notable trades in CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), according to the firm&#8217;s daily trade data.
The CoreWeave Trade: The ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) bought 98,159 shares of CoreWeave, a company that recently had a challenging IPO. The Nvidia-backed company <a href="https://www.benzinga.com/25/03/44557872/coreweaves-tough-ipo-a-warning-sign-for-ai-investment-expert-highlights-nvidia-lifeline-microsofts-rejection-raises-red-flags">struggled to meet its fundraising target</a>, settling for $1.5 billion instead of the initially aimed $2.7 billion. Despite generating $1.9 billion in revenue last year, the company remains unprofitable and carries $7 billion in debt. The value of this trade, based on the last closing price of $37.08, is approximately $3.64 million.
The Robinhood Trade: ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) bought 31,731 shares of Robinhood. The company recently launched an <a href="https://in.benzinga.com/25/03/44530226/robinhood-launches-ai-investment-tool-cortex-to-expand-market-analysis-access-a-premium-research-assistant-right-in-your-pocket">AI-powered investment tool</a>, Robinhood Cortex, and expanded into <a href="https://in.benzinga.com/markets/equities/25/03/44507345/robinhood-expands-into-banking-will-offer-customers-4-savings-apy-and-cash-home-delivery">banking services</a>, as reported by Benzinga. The value of this trade, based on the last closing price of $41.62, is approximately $1.32 million.
Other Key Trades:
<ul>
<li>Ark&#8217;s ARKG ETF bought 50,271 shares of Tempus AI Inc. (TEM). The transaction was valued at $2.4 million.</li>
<li>Ark&#8217;s ARKG ETF sold 10,120 shares of Veeva Systems Inc. (VEEV).</li>
<li>Ark&#8217;s ARKG ETF bought 64,151 shares of Intellia Therapeutics Inc. (NTLA) and 335,693 shares through ARKK.</li>
<li>Ark&#8217;s ARKK ETF bought 178,102 shares of GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) and 282,395 shares through ARKW.</li>
<li>Ark&#8217;s ARKW ETF sold 185,926 shares of Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>).</li>
</ul>
Benzinga Edge Stock Rankings place Robinhood in the 97th percentile for strong momentum. Curious how crypto rival Coinbase compares? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here</a> to find out.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="700" height="109" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31215815/Screenshot-2025-04-01-at-10.57.37.png" alt="" class="wp-image-850173" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31215815/Screenshot-2025-04-01-at-10.57.37.png 700w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31215815/Screenshot-2025-04-01-at-10.57.37-300x47.png 300w" sizes="(max-width: 700px) 100vw, 700px" /></a></figure>
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

AAPL

ARKK

ARKW

GTLB

HOOD

Cathie Wood Defies CoreWeave IPO Slump, Ark Snaps Up $3.6 Million Worth Of Stock In Nvidia-Backed Company

CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) shares traded lower as investors react to the company's disappointing IPO performance and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44566197/coreweave-ipo-performance-likely-due-to-company-not-ai-sector-analyst-says-investor-sentiment-remains-mixed">concerns about its financials. </a>
What To Know: Analysts point to several factors weighing on CoreWeave's stock. The company initially aimed to raise $2.7 billion but settled for $1.5 billion, with Nvidia stepping in to support the offering due to weaker-than-expected demand. CoreWeave generated $1.9 billion in revenue last year but remains unprofitable and carries $7 billion in debt, raising concerns about its valuation. 
The stock, which debuted Friday at $40 per share after pricing below the expected $47 to $55 range, has struggled to gain momentum despite backing from Nvidia.
Investor sentiment toward AI infrastructure stocks remains mixed, with Microsoft recently signaling a slowdown in its AI spending. Analysts say CoreWeave's struggles are more about company-specific risks rather than a broader weakness in the AI sector.
Despite the weak debut, CoreWeave has secured key partnerships, including a 15-year lease agreement with Galaxy Digital. Some analysts see potential for growth if the company can leverage its relationships with Nvidia, OpenAI and Microsoft to expand its high-performance computing services.
The stock continues to trade within a tight range of $36 to $41.94 since going public, with investors watching for signs of stability and improved financial performance.
CRWV Price Action: Coreweave closed down 7.30% at $37.08 at the time of writing, but was up slightly in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
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Photo: Shutterstock.

CoreWeave Shares Are Trading Lower Today: What's Going On?

Backed by NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), cloud infrastructure company CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) had one of the most anticipated IPOs in years with its market debut Friday.
Analysts share their reactions after the IPO priced below an expected range of $47 to $55 and closed its first day at $40, equaling its IPO price.
Rosenblatt on CoreWeave: The technology company's IPO debut was disappointing but could prove to be a positive for miners shifting to high-performance computing, Rosenblatt analyst Chris Brendler said in an investor note.
"The market has been taking a ‘glass half empty' approach lately, but we still think CoreWeave's IPO and HPC deal with Galaxy are positive developments for our bull case on miners," Brendler said.
The analyst said power is still in short supply and Bitcoin miners can supply large loads of power. Brendler said CoreWeave's IPO may be "disappointing and discouraging for the overall IPO market."
One item that likely helped was the company's capital commitments from investors like Nvidia, the analyst added.
"As a public company, we not only expect improved visibility on the opportunity but also boost CRWV's ability to raise additional capital. As a result, we think we'll see more lease agreements with miners given advantaged access to power."
The analyst highlighted a new 15-year lease between Galaxy Digital (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BRPHF#OTC">BRPHF</a>) and CoreWeave announced Friday.
D. Boral on CoreWeave: The AI company has an IPO that went off with challenges, D. Boral Capital analyst Jesse Sobelson said.
"Initially aiming to raise up to $2.7 billion, the company ultimately settled for $1.5 billion, pricing shares at $40," Sobelson said.
The analyst said Nvidia helped backstop the offering, buying shares directly with investor demand falling short of initial expectations.
"CRWV's business model revolves around renting high-performance GPU infrastructure to companies requiring substantial computational power for AI, machine learning, and other GPU-accelerated workloads."
Sobelson said the company being unprofitable and having $7 billion in debt may have overshadowed the $1.9 billion in revenue it had last year.
The analyst said partnerships with Nvidia, OpenAI and Microsoft show confidence in the long-term potential of CoreWeave, but may not be enough for investors at the lofty valuation.
"Investor sentiment remains mixed, especially so given Microsoft's recent comments on moderating its AI infrastructure commitments."
The analyst said the lackluster IPO shouldn't be a warning for AI stocks, but rather a reflection of the broader market conditions and risks specific to CoreWeave.
"As CRWV's public market performance unfolds, investors will be closely watching for signs of stabilization and evidence that the company can maintain momentum despite potential headwinds."
CRWV Price Action: CoreWeave stock is down 7.31% to $37.04 on Monday. The stock has traded between $36 and $41.94 since going public Friday.
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Photo: Shutterstock

IPOs

CoreWeave IPO Performance Likely Due To Company, Not AI Sector: Analyst Says 'Investor Sentiment Remains Mixed'

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) dropped 3.66% during the Monday pre-market trading session following CoreWeave&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) disappointing IPO and uncertainty surrounding President Donald Trump&#8216;s &#8216;Liberation Day&#8217; on April 2. 
What Happened: The chipmaker dropped during the pre-market session amid the AI gloom surrounding Nvidia-backed CoreWeave&#8217;s lackluster IPO. CoreWeave set its initial public offering price at $40 per share, falling short of the anticipated $47 to $55 range, reflecting investor caution despite strong demand for AI-driven cloud computing services. Its shares closed flat at $40 on its first trading day on Friday. The Jensen Huang-led chipmaker holds a 6% stake and generates at least 15% of CoreWeave's revenue.
Furthermore, the market is gearing up for the impending reciprocal tariffs, dubbed &#8220;Liberation Day&#8221; by Trump, scheduled for April 2nd. Goldman Sachs recently increased the recession risk to 35% and forecasted an average of 15% reciprocal tariffs across all U.S. trading partners. The firm also cautioned that the equity drawdown probability is yet to reach its zenith.
SEE ALSO: <a href="https://www.benzinga.com/25/03/44557415/perplexity-ceo-aravind-srinivas-shuts-down-financial-rumors-on-reddit-says-ai-search-startup-has-no-plans-of-ipoing-before-2028">Perplexity CEO Aravind Srinivas Shuts Down Financial Rumors, Says AI Search Startup Has &#8216;No Plans Of IPOing Before 2028&#8217;</a>
Why It Matters: Despite the weak sentiment surrounding AI, Bank of America analyst Vivek Arya maintains a Buy rating on Nvidia, citing an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44539735/nvidia-stock-an-attractive-opportunity-analyst-says-valuation-cheap-despite-china-restrictions">attractive valuation</a> ahead. AI Diffusion Rules, introduced by former president Joe Biden, have a deadline of May 15, ahead of which Nvidia could stay volatile, Arya stated in the note. 
After analyzing various scenarios on the potential impact of restrictions on Nvidia, Arya states, &#8220;We believe the stock is providing a particularly attractive opportunity for one of the most unique, high-quality tech franchises leading the largest and fastest growing secular trends.&#8221;
Benzinga&#8217;s Edge Rankings highlight strong momentum and growth rankings for Nvidia in the 77th and 95th percentiles, respectively. Curious how other stocks stack up? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here</a> to uncover growth and momentum scores for top stocks.<a href="https://www.benzinga.com/quote/AGX" target="_blank" rel="noreferrer noopener"></a>
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</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia Declines Nearly 4% In Monday Pre-Market: What's Going On?

As CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) closed at its exact initial public offering price of $40 apiece on Friday, this analyst highlights the challenges for the &#8220;tough&#8221; IPO, stemming from several reasons, including the reduction in artificial intelligence spending by companies in 2025.
What Happened: Dan Niles, the founder and portfolio manager of Niles Investment Management, described the CoreWeave IPO as a &#8220;tough&#8221; one as it closed at the exact IPO price on its listing day. He said in an X posy that a solid deal is one where the stock is up 15-30% from its IPO price on the opening day of trade.
According to Niles, the AI cloud infrastructure company closed at the IPO price because it was backed by Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). The chipmaker, led by Jensen Huang, is a 6% investor and contributes at least 15% to CoreWeave&#8217;s revenue. However, Niles wasn&#8217;t convinced that Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which contributes to 62% of CRWV&#8217;s revenue, did not invest $12 billion for extra capacity.
&#8220;What is more troubling to me is the news story that $MSFT, a 62% customer of Coreweave, turned down a $12B option for more capacity. OpenAI reportedly took this capacity, but Microsoft generates a lot of free cash flow to fund their spending, while OpenAI loses a tremendous amount and will need to raise capital in the future to fund their capex desires,&#8221; he said.
He also recalled Alibaba Group Holding Ltd. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) chairman, Jack Ma&#8216;s March 25 statement on AI spending, where he said that pouring a lot of money ahead of significant demand wasn&#8217;t &#8220;entirely necessary&#8221;.
Niles said that these factors, along with reciprocal tariffs on April 2nd, do not bode well for how CoreWeave is likely to trade this upcoming week or related AI names.
&#8220;AI capex spending by mid-year will be going through a digestion phase due to a slowdown in training demand,&#8221; Niles said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As it relates to the <a href="https://twitter.com/search?q=%24CRWV&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CRWV</a> IPO on Friday, a solid deal is one where the stock is up 15-30% from its IPO price on the opening day of trade. The issuing company is happy at not having underpriced the deal too much in raising capital. Investors receiving the IPO shares are happy for…
&mdash; Dan Niles (@DanielTNiles) <a href="https://twitter.com/DanielTNiles/status/1906500919794991223?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/03/44554923/goldman-sachs-warns-us-stocks-are-at-risk-of-further-declines-but-policy-pivot-from-trump-or-fed-could-stoke-reco">Goldman Sachs Warns US Stocks ‘Are At Risk Of Further Declines,' But Policy Pivot From Trump Or Fed Could Stoke Recovery </a>
Why It Matters: The shares of CRWV dropped 3.73% to $38.51 apiece in premarket on Monday.
Despite the short-term outlook, Niles said that &#8220;Longer-term, I still believe AI capex spending is likely to double by the end of the decade from current levels driven by inference demand.&#8221;
Addressing the 62% revenue from Microsoft, CRWV&#8217;s CEO, Michael Intrator, turned down the concerns over <a href="https://www.benzinga.com/tech/25/03/44549825/nvidia-backed-coreweaves-ceo-defends-microsoft-openai-revenue-concentration-due-to-mind-bendingly-large-deals">client concentration</a> on the listing day. 
&#8220;They say that we had 60% of revenue from Microsoft, and then we signed a contract with OpenAI for just under $12 billion, and now we&#8217;re less than 50%,&#8221; he said in an <a href="https://fortune.com/2025/03/28/coreweave-ceo-michael-intrator-ipo-going-public-ai-company/">interview</a> with Fortune on Friday. &#8220;All the big players that need this type of infrastructure … those are our customers.&#8221; 
Price Action: While CRWV&#8217;s shares were down in premarket, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, dropped in premarket on Monday. The SPY was down 0.91% to $550.59, while the QQQ declined 1.33% to $462.69, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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Photo courtesy: Shutterstock

Futures

BABA

CoreWeave's 'Tough' IPO: A Warning Sign For AI Investors? Expert Flags Microsoft's Rejection

As the week wraps up, the tech world has been abuzz with exciting news and developments. From CoreWeave Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) much-anticipated IPO to Elon Musk&#8217;s massive acquisition, there&#8217;s a lot to catch up on. Here&#8217;s a quick look at the top stories that made headlines.
CoreWeave&#8217;s IPO and Revenue Concentration
AI cloud infrastructure company, CoreWeave Inc., backed by Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), made its public market debut last Friday. CEO Michael Intrator defended the company&#8217;s client concentration, attributing it to &#8220;mind-bendingly large deals&#8221; with Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and OpenAI. Intrator believes that the skepticism overlooks the company&#8217;s long-term growth potential.
<a href="https://www.benzinga.com/tech/25/03/44549825/nvidia-backed-coreweaves-ceo-defends-microsoft-openai-revenue-concentration-due-to-mind-bendingly-large-deals">Read the full article here.</a>
Elon Musk&#8217;s $33 Billion Acquisition
In a significant move, Elon Musk&#8217;s AI startup xAI acquired his social media company X, formerly Twitter, in an all-stock deal valued at $33 billion. The combined entity is now reportedly worth $80 billion.
<a href="https://www.benzinga.com/25/03/44549314/elon-musk-acquires-his-own-social-media-platform-x-through-xai-in-33-billion-deal-says-combined-entity-now-worth-80-billion">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/25/03/44508234/ontario-premier-doug-ford-supports-retaliatory-tariffs-amid-us-auto-levy-inflict-as-much-pain-as-possible">Ontario Premier Doug Ford Supports Retaliatory Tariffs Amid US Auto Levy: &#8216;Inflict As Much Pain As Possible&#8217;</a>
Microsoft&#8217;s Wake-Up Call
Microsoft CEO Satya Nadella has urged his teams to match the speed and impact of China&#8217;s DeepSeek, which launched a top-ranking AI product on the App Store with a team of just 200 engineers. Nadella&#8217;s call to action came during an internal employee town hall last month.
<a href="https://www.benzinga.com/25/03/44529954/microsoft-ceo-satya-nadella-admits-chinas-deepseek-was-a-wake-up-call-tells-employees-its-time-to-build-real-products-not-just-research-thats-the-new-bar-to-me">Read the full article here.</a>
Huawei&#8217;s AI Chip Advancements
Despite US sanctions, Nvidia CEO Jensen Huang has warned that Huawei Technologies Co. is becoming the &#8220;single most formidable technology company&#8221; in China. The Chinese tech giant has reportedly doubled its AI chip yields to 40%.
<a href="https://www.benzinga.com/media/25/03/44488569/chinas-huawei-reportedly-doubles-ai-chip-yields-to-40-now-nvidia-ceo-jensen-huang-warns-that-the-chinese-tech-giant-is-the-most-formidable-competitor-despite-us-sanctions">Read the full article here.</a>
Google&#8217;s Most Intelligent AI
Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google unveiled Gemini 2.5 Pro, its most intelligent AI model ever. The new model is designed to pause and think before answering complex questions. Google CEO Sundar Pichai shared the development on X.
<a href="https://www.benzinga.com/tech/25/03/44487389/sundar-pichai-shows-off-googles-most-intelligent-ai-ever-with-a-dinosaur-video-game-that-even-you-could-make-with-a-simple-prompt">Read the full article here.</a>
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<li><a href="https://www.benzinga.com/general/space/25/03/44509379/boeing-lockheeds-vulcan-rocket-aimed-to-rival-spacexs-falcon-9-cleared-for-us-security-missions">Boeing-Lockheed&#8217;s Vulcan Rocket Aimed To Rival SpaceX&#8217;s Falcon 9 Cleared For US Security Missions</a></li>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

CoreWeave IPO, Elon Musk'x xAI Acquires X, Microsoft's Wake-Up Call, China's Huawei Makes Advances, And More: This Week In AI

On Friday, March 28, 2025, Cathie Wood-led Ark Invest made substantial trades involving several prominent companies, including Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), and CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>)
The Robinhood Trade:&nbsp;Ark Invest&#8217;s Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) purchased a substantial 249,423 shares of&nbsp;Robinhood.
Based on the closing price of $41.92 on the day of the trade, the value of this purchase is estimated to be around $10.45 million.
The Roblox Trade:&nbsp;On the same day, Ark Invest&#8217;s ARKK and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) sold a combined total of 350,177 shares of&nbsp;Roblox Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>).
Given the closing price of $59.07, the value of the sold shares is approximately $20.7 million.
The CoreWeave Trade: Ark Invest&#8217;s ARKW ETF also bought a significant 411,875 shares of Nvidia Corp.-backed CoreWeave Inc.
Given the closing price of $59.07, the value of the sold shares is approximately $16.47 million.
Other Key Trades:
<ul>
<li>Ark Invest&#8217;s ARKW ETF sold 224,052 shares of Genius Sports Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GENI#NYSE">GENI</a>).</li>
<li>ARKW also sold 50,666 shares of Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>).</li>
<li>ARKW sold 6,625 shares of Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>).</li>
<li>Ark Invest&#8217;s ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) sold 46,940 shares of Repare Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>).</li>
</ul>
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<li><a href="https://www.benzinga.com/25/03/44549941/elon-musk-to-visit-cia-for-government-efficiency-talks-after-department-of-defense">Elon Musk To Visit CIA For Government Efficiency Talks, After Department Of Defense</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Ark Invest

ARKG

GENI

RBLX

ROKU

RPTX

SPOT

Cathie Wood's Ark Invest Loads Up On Robinhood, Nvidia-Backed CoreWeave: Offloads Spotify, Roku

As CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) makes its <a href="https://www.benzinga.com/insights/ipos/25/03/44516779/coreweave-inc-ipos-tomorrow-heres-what-you-need-to-know">public market debut</a>, CEO Michael Intrator pushes back on concerns over client concentration and insists that investor skepticism is missing the company's long-term value and growth potential.
What Happened: CoreWeave, the AI cloud <a href="https://in.benzinga.com/25/03/44140237/coreweave-acquires-weights-biases-to-enhance-ai-development">infrastructure company backed</a> by Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), officially began trading on Friday in one of the year's most anticipated IPOs.
While the company has reported explosive 700% year-over-year revenue growth, much of that success <a href="https://in.benzinga.com/markets/equities/25/03/44240048/openai-secures-near-12-billion-coreweave-deal-taking-stake-in-cloud-firm-ahead-of-35-billion-ipo-to-reportedly-reduce-microsoft-dependence">hinges on two major clients</a>: Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and ChatGPT-maker OpenAI, which together account for the majority of its income.
Critics have raised red flags over this revenue concentration, but CEO Intrator isn't fazed.
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China's $138 Billion Push — Warn America Will Lose The Race Without It</a>
"They say that we had 60% of revenue from Microsoft, and then we signed a contract with OpenAI for just under $12 billion, and now we're less than 50%," he said in an <a href="https://fortune.com/2025/03/28/coreweave-ceo-michael-intrator-ipo-going-public-ai-company/">interview</a> with Fortune on Friday. "All the big players that need this type of infrastructure … those are our customers."
Intrator also acknowledged that the size of deals with hyperscalers like Microsoft and OpenAI naturally skews revenue distribution.&nbsp;
"When you win one of those mind-bendingly large deals … there will be concentration," he added. He also pointed out that clients such as JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), and Jane Street use CoreWeave's infrastructure for narrower, but still valuable, workloads.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
The CEO also believes that Wall Street may not fully understand CoreWeave's positioning yet.&nbsp;
"There's a divergence between what the capital markets and what the media is thinking, and what I am feeling down in the trenches," he said. "What I am feeling … is relentless demand. We need more compute. We need larger compute."
CoreWeave's IPO is seen as a <a href="https://in.benzinga.com/news/ipos/25/03/44520808/nvidia-backed-coreweave-ipo-5-things-investors-need-to-know-before-buying-shares">key test of how public markets</a> are responding to the AI infrastructure boom. Though the company had to scale back its <a href="https://www.benzinga.com/news/ipos/25/03/44100280/nvidia-backed-coreweave-files-for-ipo-amid-explosive-ai-growth-revenue-surges-737-to-1-9-billion">initial offering</a>, Intrator said going public was a strategic move to improve access to the debt markets and reduce capital costs.
He also dismissed concerns about entering the market too soon. "The boldness of coming to this market amid the turmoil is because of a fundamental belief that, over time, I will be able to generate enormous value for my investors," Intrator said.
Price Action: In after-hours trading, CoreWeave shares were down by 0.07% and reached $39.97 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China&#8217;s DeepSeek For Driving Efficiency, Stresses Apple&#8217;s ‘Prudent And Deliberate&#8217; Approach Toward Capital Expenditure</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Nvidia-Backed CoreWeave's CEO Defends Microsoft, OpenAI Revenue Concentration Due To 'Mind-Bendingly Large Deals

CoreWeave Shares Open For Trade At $39/Share; IPO Priced At $40/Share

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CoreWeave Shares Indicated To Open At $32 In Nasdaq Debut Vs $40 IPO Price

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CoreWeave Announces Pricing of Initial Public Offering

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