CoreWeave disappoints on opening of trading

Share via:


Shares of CoreWeave, the first artificial intelligence startup to go public, finished its first day of trading at $40.01 a share, one penny above the disappointing initial public offering price the company had set a day earlier.

The company’s share price, trading under the ticker symbol CRWV, signaled concern among Wall Street investors about the economy and CoreWeave’s business model.

The faltering day of trading came amid a slumping stock market and uncertainty around inflation and President Donald Trump‘s tariffs. The S&P 500 dropped 2% on Friday,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

CoreWeave disappoints on opening of trading


Shares of CoreWeave, the first artificial intelligence startup to go public, finished its first day of trading at $40.01 a share, one penny above the disappointing initial public offering price the company had set a day earlier.

The company’s share price, trading under the ticker symbol CRWV, signaled concern among Wall Street investors about the economy and CoreWeave’s business model.

The faltering day of trading came amid a slumping stock market and uncertainty around inflation and President Donald Trump‘s tariffs. The S&P 500 dropped 2% on Friday,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

India’s manufacturing model shifting toward IP-led, research-driven production: 3one4...

India’s manufacturing sector is beginning to shift from...

Grab Holdings beats quarterly revenue estimates

Grab Holdings beat Wall Street expectations for first-quarter...

Founders Discuss Growth, Deeptech Innovation With Piyush Goyal

SUMMARY The closed-door meeting was organised by Startup Policy...

Popular

Upcoming Events

Trump called Bezos to complain about Amazon report

Former US President Donald Trump reportedly called Amazon...

iPhone 17 Air is stunningly thin compared to iPhone...

We’re probably 132 days away from the iPhone...

Microsoft CEO says up to 30% of the company’s...

Microsoft CEO Satya Nadella said that 20%-30% of...
GdfFD GFD GFD GFD GFD GFD GFD