From Yahoo Finance: 2025-03-28 13:34:00

CoreWeave debuted on Nasdaq under ticker CRWV, falling 5.8% post-trading. The AI cloud provider raised $1.5 billion in IPO, lower than hoped $4 billion. Its fate hinges on generative AI success, an uncertain field per SEC filing. Revenue surged to $1.9 billion in 2024, but net loss increased to $863 million, with 77% from two customers, notably Microsoft. Negative changes in Microsoft demand could adversely impact CoreWeave. Microsoft stock dropped 3%, Nvidia 1.7% after CoreWeave trading. CoreWeave remains optimistic amid AI bubble concerns, focusing on client growth and infrastructure support. The company faces $7.5 billion in debt repayments by next year, per Financial Times.



Read more at Yahoo Finance: CoreWeave stock slides after IPO in first big test of AI trade