Nvidia, CoreWeave and IPO
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Investor sentiment weakened amid rising concerns over President Donald Trump’s upcoming “Liberation Day” on April 2, which marks the start of new trade tariffs.
From Markets Insider
CoreWeave’s stock CRWV gained as much as 22.9% earlier Wednesday, although it was only up about 2.5% at a recent check.
From MarketWatch
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The semiconductor sector is cyclical and, given its soaring growth over the last two years, investors seem to be wary about the impact that a recession would have on Nvidia. When March came to a close, the stock finished down 13%, according to S&P Global Market Intelligence.
Shares of the media company were recently off some 65% to $80, plummeting in their third session as a publicly traded company. Newsmax ( NMAX) went public Monday —its IPO price was $10, and it opened at $14—to kick off a dramatic upward run. The stock finished yesterday at $233 after slipping from intraday highs of $265.
Nvidia (NASDAQ:NVDA) isn’t just following the AI trend – it’s driving it. Its explosive revenue growth and expanding margins have been driven
CoreWeave received the most proceeds from a U.S. technology IPO since automation software maker UiPath went public in 2021.
CoreWeave has found a big market in selling Nvidia’s popular AI processors, but the company has a challenging story to sell to public investors.
CoreWeave Inc. shares closed up 42% at $52.57 on Tuesday, marking a significant recovery in its third day of trading after the company's IPO.
CoreWeave co-founder Brian Venturo knows that three hedge fund guys, turned crypto miners, now running AI training infrastructure has been a wild ride.