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What is CoreWeave, the cloud-services provider expected to go public next week? - MarketWatch

1. CoreWeave's IPO may offer investors exposure to AI growth. 2. CoreWeave uses over 250,000 GPUs from Nvidia in its data centers. 3. CoreWeave is Nvidia's partner with a 6% investment stake. 4. Microsoft is CoreWeave's largest customer, accounting for 62% revenue. 5. Concerns exist over CoreWeave's customer and supplier concentration.

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FAQ

Why Bullish?

Nvidia's partnership and GPU supply for CoreWeave strengthens its market position in AI.

How important is it?

CoreWeave's growth and reliance on Nvidia GPUs may enhance NVDA's demand.

Why Short Term?

The upcoming IPO may boost Nvidia's visibility and immediate market sentiment.

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