Tuesday, 24 March, 2026
CoreWeave's Nasdaq Debut Falls Flat Amid Market Uncertainty
By Isha
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.
Read full story at Economic Times