CoreWeave stock rips higher
Digest more
Stocks traded higher Wednesday ahead of an announcement on tariffs, during what President Donald Trump has dubbed “Liberation Day.” The White House said Trump will unveil the tariffs on U.S. trading partners at 4 p.
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.
CoreWeave (NASDAQ: CRWV) stock has had a bumpy start after it hit the public markets last week. Its initial public offering (IPO) wasn't well received on Friday, and the stock plunged in its first full day of trading yesterday.
CoreWeave’s stock began trading on the Nasdaq exchange at $39 per share, which was below the company’s initial public offering (IPO) price of
Nvidia (NVDA) stock declined over 3% in premarket trading on Monday, closing the first quarter on a sour note. Investor sentiment weakened amid
One analyst says investors seem to be taking issue with CoreWeave specifically, which he views as “nothing more than a highly leveraged, off-balance-sheet arrangement for Nvidia.”
CoreWeave's stock plunged nearly 10% on Monday, dropping below its IPO price, raising concerns about AI-focused IPOs in a volatile market.