CoreWeave's Stock Now Spiking After Disastrous IPO
AI hyperscaler CoreWeave's initial public offering was meant to serve as a litmus test for the industry. The firm went public on the stock market this week, becoming the first all-AI startup to have done so. And judging by how the stock has fared so far, the industry is in for some rough times ahead. After opening at $39, slightly below its IPO price of $40, shares have slid almost ten percent in just its second day of trading. The company's offering was the biggest tech IPO in four years, with inflation and rising interest rates disincentivizing investors from betting […]
Link :
https://futurism.com/coreweaves-stock-spiking-disastrous-ipo