The company says it still sees tremendous avenues for growth, even if investors don’t quite see that yet.

BY MELISSA ANGELL, POLICY CORRESPONDENT @MELISSKAWRITES

CoreWeave CEO Michael Intrator during the company’s IPO at the Nasdaq Market in New York City. Photo: Melissa Angell

CoreWeave’s debut onto the Nasdaq Friday was bound to be historic, given that it’s the first time a “pure play AI cloud startup” entered the public markets. But what was once viewed as the year’s buzziest IPO wobbled amid a volatile market that’s considerably chilled on artificial intelligence specifically, and IPOs altogether.

The Roseland, New Jersey-based startup, which scales AI and provides access to AI data centers to core clientele like IBM and Meta, witnessed impressive growth from 2023 to 2024, seeing revenue balloon by 737 percent to........

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