An up-and-coming company specializing in the hottest technology area decides to go public. It's teamed up with the most prominent player in that area. The company's initial public offering (IPO) is set to be the biggest for a tech stock in years.

CoreWeave’s stock is now up 65% since its flat trading debut on Friday. Analysts note it has a smaller float that can make it prone to volatile swings.

CoreWeave sells access to Nvidia graphics processors as a service, allowing developers to rent chips by the hour so they can develop more advanced AI models.