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Nvidia-backed CoreWeave closes flat at $40 after biggest U.S. tech IPO since 2021 - TL;DR CNBC

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: NVDAORCLAMZNMSFTIBMPATHGOOGLMETACRWV

Keywords: businessuipath incalphabet inctechnologymeta platforms incbusiness newsbreaking news: technologyinternational business machines corpenterprisesuro capital corpcoreweave incmicrosoft corporacle corpnvidia corpipoamazon.com inc

Source: https://www.cnbc.com/2025/03/28/coreweave-starts-trading-on-nasdaq-at-per-share.html


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