CoreWeave stock seesaws, ends flat after IPO in AI trade test

The AI cloud computing provider CoreWeave made its debut on the Nasdaq Friday under the ticker CRWV. The stock opened around $40 per share at 1:15 p.m. ET, fell as much as 6%, turned green and rose by as much as 4%, and eventually ended the session flat.

The company, which provides computing power using its mass supply of Nvidia (NVDA) GPUs to Big Tech, raised $1.5 billion in its IPO — much lower than the $4 billion it had initially hoped to raise.