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 shares rose more than 10% in their third trading day, following a volatile post-IPO start.
From NBC New York
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CoreWeave priced its initial public offering far lower than it originally expected, in a disappointing development for Nvidia.
CoreWeave received the most proceeds from a U.S. technology IPO since automation software maker UiPath went public in 2021.
(Reuters) -Artificial intelligence startup CoreWeave's shares closed up 42% at $52.57 on Tuesday, their third day of trading, above their initial public offering price of $40.
CoreWeave co-founder Brian Venturo knows that three hedge fund guys, turned crypto miners, now running AI training infrastructure has been a wild ride.
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Nvidia Corporation (NASDAQ: NVDA) dropped 3.66% during the Monday pre-market trading session following CoreWeave's disappointing IPO and uncertainty surrounding President Donald Trump's 'Liberation Day' on April 2.
The Register on MSN1d
Nvidia challenger Cerebras says it's leaped Mid-East funding hurdle on way to IPOChief among the watchdog panel's worries was Cerebras' reliance on the United Arab Emirates (UAE) AI crown jewel G42, which according to the upstart's IPO filings from September, accounted for more than 87 percent of its revenues in the first half of 2024.
The CoreWeave IPO will be another test for Nvidia and the near-term demand for AI chips. Read why I remain bearish on NVDA stock.
Dan Niles highlights the challenges for the "tough" CoreWeave IPO, stemming from the reduction in AI spending in 2025.