If you've been hearing about the booming AI industry, you might wonder who supplies the critical hardware behind it. CoreWeave is a key player, but recent insider stock sales are raising questions about its true valuation and future.
CoreWeave is trending because it's a hot startup in the red-hot AI infrastructure market, recently valued at an eye-popping $19 billion.
This valuation came from a secondary share sale in May 2024, where investors bought shares from existing shareholders, not directly from the company.