CoreWeave's debut has been eagerly awaited by investors as a sign of the strength of the AI trade as well as the appetite for new IPOs.
Conservative new channel Newsmax's stock surged again on Tuesday after skyrocketing Monday in its first day of trading.
Analysts break down initial thoughts on the CoreWeave IPO, which priced below an anticipated range after its IPO.
CoreWeave's IPO debut tests neocloud viability and reliance on Nvidia GPUs.
CoreWeave in recent years found itself in something of an enviable position. Starting out in 2017, it bought GPUs to supply to the cryptocurrency mining industry, only to pivot to AI when that became the hot new trend. CoreWeave is fundamentally a picks and shovels business: It supplies GPUs to an industry that has desperately sought them.
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