CoreWeave shares slump nearly 8% in second day of trading

▤ Summary

Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, attends his companys IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. CoreWeave s stock sank nearly 8% on Monday, falling well below its initial public offering price. The artificial intelligence cloud provider sold shares at $40 and the stock opened at $39 in its market debut Friday. CoreWeaves offering marked the biggest tech IPO since 2021 and the first pure-play AI company to go public. CoreWeaves public offering also served as a major test for an IPO market that has largely dried up since early 2022 as inflation and rising interest rates deterred investors from riskier bets.

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