CoreWeave priced its initial public offering (IPO) at $40 a share in March. The company initially expected to sell shares in the range of $47 to $55, but concerns about the pace of AI spending and CoreWeave's business model caused it to downsize the offering. Nvidia ( NVDA) — an early CoreWeave investor — reportedly anchored the IPO at $40.

Since artificial intelligence (AI) caught the attention of the market beginning in November 2022, Nvidia (NASDAQ: NVDA) has set the bar for blockbuster growth among AI-associated stocks. The GPU specialist posted five straight quarters of triple-digit revenue growth through fiscal 2024 and 2025,

Shares of CoreWeave (NASDAQ:CRWV) fell about 9% on its second full day of trading following its IPO last week. The cloud computing startup's Nasdaq debut was far from a dream run, as it closed flat after opening nearly 3% below its offer price on Friday,