Key Takeaways CoreWeave could go public as soon as next week in what is expected to be one of the biggest IPOs in recent years.The cloud computing company is backed by Nvidia and counts Microsoft among its clients.

Given that cloud giants and other tech companies are currently scrambling to obtain AI compute capacity, CoreWeave has enough leverage to impose this kind of arrangement. If the company is forced to move to a pay-as-you-go model without multiyear customer commitments, its revenue would become much less predictable.

CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network