Tech
CoreWeave disappoints on opening of trading
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Shares of CoreWeave, the first artificial intelligence startup to go public, finished its first day of trading at $40.01 a share, one penny above the disappointing initial public offering price the company had set a day earlier.
The company’s share price, trading under the ticker symbol CRWV, signaled concern among Wall Street investors about the economy and CoreWeave’s business model.
The faltering day of trading came amid a slumping stock market and uncertainty around inflation and President Donald Trump‘s tariffs. The S&P 500 dropped 2% on Friday,…
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