Is CoreWeave’s $2.7 Billion Valuation Too Low or Just Right?

“We assumed this was going to happen. We were well positioned for this transition.” That was how Michael Intrator, CEO of CoreWeave, described the company’s foresight in shifting from crypto mining to artificial intelligence. It was 2023, and CoreWeave had just found itself at the center of an AI boom triggered by OpenAI’s ChatGPT. Demand for computing power had exploded, and the company, once a struggling crypto venture, was suddenly sitting on one of the most valuable resources in tech: high-performance GPUs. Now, CoreWeave is gearing up to find out if it’s once again in the right place at the right time, this time with Wall Street's watchful eye. The company’s upcoming IPO, which aims to raise up to $2.7 billion, will serve as a test of how investors feel about AI infr