CoreWeave shares rip nearly 42% higher, rising above IPO price

Mike Intrator, Chief Executive Officer and founder of CoreWeave, (C) rings the opening bell surrounded by Executive Leadership and family during the company's Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. CoreWeave 's stock popped nearly 42% on Tuesday, bouncing back above its initial public offering price following a lackluster second trading day on the public markets. The stock closed $52.57, bringing the company to a nearly $25 billion market capitalization. Shares of the artificial intelligence cloud company, which rents out access to Nvidia's graphics processing units to other technology companies, dropped more than 10% on Monday and fell below the initial public offering price of $40. The stock opened at $39 on Friday and closed flat at $40. CoreWeave opened on the public markets Friday in the biggest venture-backed tech IPO for a U.S. company since 2021. It served as a key test for a public offering market that came to a near st ... Read full article.