Coreweave Slices after the public subscription in the first big test of artificial intelligence trade

The cloud computing provider of artificial intelligence appeared for the first time on the Nasdaq Stock Exchange on Friday under the index Recklessness. The arrow fell up to 5.8 % after the shares started trading.

The signs of trouble were already brewing. The company, which provides computing power using its collective supplies from NVIDIA (Nvda) Graphics processing units to large technology, It raised $ 1.5 billion in public subscription – Less than 4 billion dollars was initially hoped to raise it.

Public subscription in Coreave and for the first time in general The first real test of artificial intelligence tradeCritics say. This is because the fate of the NVIDIA company depends in a large part on the constant success in the obstetric artificial intelligence, in which Coreave himself said. The S-1 file has been modified to the US Securities and Stock Exchange Committee unknown.

The company said in its file when describing the risk factors: “The broader adoption, its use and its marketing of artificial intelligence technology, and the rapid speed of developments in the field of artificial intelligence, is not certain in nature.”

The deposit showed that Corween’s revenues increased to $ 1.9 billion in 2024 from only 229 million dollars in the previous year. However, at the same time, its net loss increased to 863 million dollars from $ 594 million. About 77 % of Coreweave 2024 revenues came from only customers, with 62 % of Microsoft ((Msft), According to the deposit. These customers who provide cloud services, known as “Hypere -Numbers”, use the Coreweave GPU data centers to run their efforts from artificial intelligence.

“Any negative changes in the demand from Microsoft … will negatively affect our work, operation results, financial state and future prospects,” Coreave wrote.

Microsoft’s shares decreased by more than 3 % after Coreave’s shares started trading. Nafidia fell 1.7 %.

The company is still optimistic. “This discussion on the bubble of artificial intelligence, we do not understand it,” Branin McBby Brian Susie told Yahoo Finance.

“Customer comes to us, and they say,” Coreove, we realize that you are the best in providing this infrastructure in space. We need more and we need a lot. “This range of growth continues to accelerate for us.” “For this reason, we are in public to support our customers in their growth requirements for the infrastructure we offer to the market.”

“We are the decisive piece in linking the products of artificial intelligence brought by the world’s thought leaders to the marketing of consumers to these products.”

Coruv He faces $ 7.5 billion in debt payment by the end of next yearI mentioned the financial times.