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

Benzinga LogoBenzinga1d ago

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

Quick Summary:

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.

Backed by NVIDIA Corporation (NASDAQ:NVDA), cloud infrastructure company CoreWeave, Inc.(NASDAQ:CRWV) had one of the most anticipated IPOs in years with its market debut Friday.

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Article Details

Author / Journalist: Chris Katje

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-31 @ 16:12:32 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 541 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27486138

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 20 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #53

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  • URL: https://chronographically.beamstart.com/news/coreweave-ipo-performance-likely-due-1743437768888

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