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Episode 1359Mar 29, 2025

CoreWeave’s IPO tests money magic of AI

Is the AI boom fizzling out?

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NEW YORK, NEW YORK - MARCH 28: The CoreWeave company name and logo are displayed on digital billboards in Times Square during the company's Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. Cloud Based Artificial Intelligence Computing Company CoreWeave had its IPO this morning with its shares listed at $40. The company provides access to Nvidia graphics processing units for artificial intelligence training and workloads.
NEW YORK, NEW YORK - MARCH 28: The CoreWeave company name and logo are displayed on digital billboards in Times Square during the company's Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. Cloud Based Artificial Intelligence Computing Company CoreWeave had its IPO this morning with its shares listed at $40. The company provides access to Nvidia graphics processing units for artificial intelligence training and workloads.
Michael M. Santiago/Getty Images

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The artificial intelligence cloud computing provider CoreWeave sold shares to the public today with so-so results. Because it’s the first major IPO of the current generative AI era, some argue that CoreWeave could be a barometer of the AI boom. We’ll get into it. And, a federal appeals court ruled in favor of President Donald Trump’s firings of independent agency heads. The case will likely make its way to the Supreme Court. Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

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The Team

CoreWeave’s IPO tests money magic of AI