CoreWeave stock rips higher
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Investor's Business Daily on MSNCoreWeave Adds To Rally Following Downsized IPO. Why Shares Could Stay Volatile.CoreWeave stock bounced around in Wednesday morning trading but was headed higher in recent action, tacking on more after a 40% rally Tuesday.
CoreWeave's shares closed flat after opening nearly 3% below their offer price in its Nasdaq debut on Friday, giving the Nvidia-backed AI infrastructure firm a valuation of $23 billion on a fully diluted basis.
We recently published a list of 10 Firms Outperform Broader Market on Tuesday. In this article, we are going to take a look at where CoreWeave Inc. (NASDAQ:CRWV) stands against other firms that outperform broader market on Tuesday.
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.
Seeking Alpha analysts have given sharply divergent ratings to Nvidia-backed CoreWeave (NASDAQ:CRWV), a provider of GPU infrastructure for AI development that went public on Friday via a $1.5B initial public offering.
Some saw the underwhelming performance of the Nvidia-backed AI cloud-computing provider as a bad sign for tech IPOs and AI, while others, including my colleague Jeremy Kahn, believe the reaction to CoreWeave reflects the challenges of being CoreWeave.
In today's video, I discuss CoreWeave (NASDAQ: CRWV), the cloud infrastructure company backed by Nvidia (NASDAQ: NVDA). To learn more, check out the short video, consider subscribing, and click the special offer link below.
The much-anticipated initial public offering (IPO) of CoreWeave (NASDAQ: CRWV) came Friday. The stock ended the day where it started trading at its offering price of $40 per share. But stock in the artificial intelligence (AI) hyperscaler is plunging on its first full day of trading.
CoreWeave (CRWV) shares jumped more than 20% on Tuesday after a tepid response to last week's initial public offering.