CoreWeave Stock Slumps in Second Day of Trading After IPO
CoreWeave, a company specializing in AI infrastructure, experienced a significant decline in its stock price during the second day of trading following its initial public offering (IPO). The stock, which had been eagerly anticipated by investors, saw a sharp drop, reflecting the volatile nature of the market for tech IPOs. The company had set its IPO price at a level that many analysts considered aggressive, leading to concerns about overvaluation.
Despite the initial enthusiasm, CoreWeave's co-founder expressed confidence in the company's long-term prospects, dismissing fears of an AI bubble. The IPO was priced at the top of the expected range, indicating strong demand initially, but the subsequent trading days have shown a different picture. Analysts are now closely watching how CoreWeave will navigate the challenges of the public market and whether it can sustain its growth trajectory in the competitive AI sector.
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When does coreweave ipo?
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, attends his company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. CoreWeave 's stock sank nearly 10% on Monday, falling well below its initial public offering price.
What is coreweave?
CoreWeave, which runs data centers that help power giant A.I. systems, raised $1.5 billion in its initial offering, less than the $4 billion that analysts had anticipated. Lucia Vazquez for The New York Times. By Eli Tan and Lauren Hirsch.
What is coreweave ticker?
Shares of CoreWeave, now on the Nasdaq under the ticker CRWV, opened at $39 Friday, below its IPO price of $40 per share.
What is coreweave valuation?
CoreWeave valued at $23 billion in muted Nasdaq debut. By Echo Wang, Krystal Hu, Niket Nishant and Manya Saini.
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