CoreWeave Shares Surge 12%, Exceed IPO Price

CoreWeave, an artificial intelligence startup, has seen its shares rise significantly after a rocky start to trading following its initial public offering (IPO) on March 28, 2025. The stock, initially priced at $40, dropped below this mark on its second day but rebounded to close above the IPO price at $43.50 by the third trading day, marking a 17% increase. Despite a remarkable revenue growth of 737% in 2024 to $1.92 billion, the company reported a net loss of $863 million. CoreWeave's IPO, which raised $1.5 billion, is considered a crucial indicator of investor sentiment towards AI-related stocks amid a stagnant IPO market. Nvidia, a significant backer, contributed $250 million towards the IPO and holds a 6% pre-IPO stake in CoreWeave. Analysts have expressed mixed views on the stock, highlighting concerns over its reliance on major clients like Microsoft for revenue.