Gemini has submitted its paperwork for an initial public offering (IPO) to the US Securities and Exchange Commission (SEC).

Such double digit percentage gains have become par for the course during CoreWeave’s brief life as a publicly traded stock.

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A round of thanks is clearly owed to retail investors, who have been faithfully buying the dip as institutional investors and hedge funds shied away. Not everyone is enthusiastic, though.

Shares of CoreWeave ( CRWV 5.44%) rocketed 169.5% in May, according to data from S&P Global Market Intelligence.

CoreWeave, the cloud computing firm backed by Nvidia, has been going parabolic, jumping around 20% in the past five days.

Shares of CoreWeave extended their recent rally into Wednesday morning after closing at a record $150.48 on Tuesday.