Saturday, 29 March, 2025

CoreWeave's Nasdaq Debut Falls Flat Amid Market Uncertainty

CoreWeave, an AI cloud computing provider backed by Nvidia, experienced a lackluster debut on the Nasdaq, with shares closing at $40.01—just above the initial offering price. The IPO raised $1.5 billion, below the anticipated $4 billion, reflecting investor concerns over economic conditions, inflation, and CoreWeave's business model. CEO Michael Intrator remains optimistic, emphasizing the importance of entering public markets despite the challenging environment.