From Yahoo Finance: 2025-04-01 15:48:00

CoreWeave (CRWV) shares surged over 38% on their third day of trading, after a successful $1.5 billion IPO. OpenAi’s record-breaking $40 billion funding round on Monday contributed to the positive investor sentiment towards AI-related stocks.

Despite a rocky start, CoreWeave went public on the Nasdaq exchange, initially dropping below its $40 IPO price before stabilizing. Investor confidence in AI-related companies like CoreWeave was revived after OpenAI’s announcement of a massive funding round, signaling strong market appetite for AI ventures.

The positive outlook extended to digital assets, with AI-related tokens like Near Protocol (NEAR) and Internet Computer (ICP) seeing gains of over 3% on Tuesday. The broader digital assets market, as represented by the CoinDesk20 Index, also rose by 3%.

Core Scientific (CORZ), a key player in the digital asset space and a partner of CoreWeave, saw its shares rise by more than 9% on Tuesday, further reflecting the growing optimism in the AI and digital assets sectors.

Read more: OpenAI’s $40B Raise Calms Market Jitters, Sends CoreWeave and AI Tokens Higher