Nvidia-backed CoreWeave closes flat at $40 after biggest U.S. tech IPO since 2021
Publishing timestamp: 2025-03-28 14:50:10
Summary
CoreWeave's shares started trading on Nasdaq under ticker symbol "CRWV" after raising $1.5 billion in its IPO. The stock opened at $39 and closed at $40, below the expected range. CoreWeave is a seller of artificial intelligence technology in the cloud and has Microsoft as its biggest customer. Despite a challenging market environment, CoreWeave's IPO is seen as a landmark moment in the AI boom.
Sentiment: MIXED
Tickers: NVDA, ORCL, AMZN, MSFT, IBM, PATH, GOOGL, META, CRWV,
Keywords: business, uipath inc, alphabet inc, technology, meta platforms inc, business news, breaking news: technology, international business machines corp, enterprise, suro capital corp, coreweave inc, microsoft corp, oracle corp, nvidia corp, ipo, amazon.com inc,
Source: https://www.cnbc.com/2025/03/28/coreweave-starts-trading-on-nasdaq-at-per-share.html