Mike Intrator, CEO of AI cloud service provider CoreWeave, said in an interview with the media on Friday that lowering the company's IPO price to $40 per share is an active adjustment to the current macro environment. The helmsman stated, “Under multiple economic barriers, we must flexibly adjust the distribution scale according to actual subscription needs.” The company's stock will be listed on the NASDAQ under the symbol “CRWV.” The company provides access to Nvidia graphics processing units for AI training and workloads. “We believe the company will be very successful as the open market learns about us, understands how we execute, how we build infrastructure, how we build customer relationships, and our solution's amazing ability,” said Intrator.

Mike Intrator, CEO of AI cloud service provider CoreWeave, said in an interview with the media on Friday that lowering the company's IPO price to $40 per share is an active adjustment to the current macro environment. The helmsman stated, “Under multiple economic barriers, we must flexibly adjust the distribution scale according to actual subscription needs.” The company's stock will be listed on the NASDAQ under the symbol “CRWV.” The company provides access to Nvidia graphics processing units for AI training and workloads. “We believe the company will be very successful as the open market learns about us, understands how we execute, how we build infrastructure, how we build customer relationships, and our solution's amazing ability,” said Intrator.