%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Investing.com -- Last week’s broken IPO for CoreWeave Inc (NASDAQ:CRWV) is finding its footing Tuesday. During its debut on Friday, shares priced weakly, opened lower, and closed flat. The stock then continued 7% lower on Monday. However, they seemed to have found some traction – currently trading up 20% to $44.50. Half of the $1.5 billion raised in the IPO came from three buyers, according to reports, with partner NVIDIA Corporation (NASDAQ:NVDA) buying $250 million in stock to anchor the IPO. Some analysts have called CoreWeave a “special purpose vehicle” for NVIDIA. “We believe NVDA created CRWV in order to apply competitive pressure on its largest customers and create artificial scarcity, which makes it that much more concerning a vast majority of CRWV revenue comes from MSFT, META (NASDAQ:META) and NVDA itself,” DA Davidson analyst Gil Luria commented recently in a note to clients. Luria is no fan of the stock, assigning a Neutral rating and $36 price target. In 2024, CoreWeave’s revenue surged 737% to $1.9 billion as demand for the company’s AI services skyrocketed. However, despite the revenue surge, the company still posted a net loss of $0.9 billion for the year. Microsoft (NASDAQ:MSFT) accounted for 62% of CoreWeave’s 2024 revenue.This content was originally published on http://Investing.com