the staff of the Ridgewood blog
Princeton NJ, New Jersey-based and Nvidia-backed AI infrastructure company CoreWeave made its stock market debut on Friday, but the launch was far from the success it had hoped for. The company’s initial public offering (IPO) price was set at $40 per share, but shares quickly dipped to $37.50 before recovering to close at their starting price. This underwhelming performance came on a tough day for tech stocks, with the Nasdaq dropping 2.7%, contributing to its worst quarterly performance since mid-2022.
Continue reading NJ’s CoreWeave’s IPO Struggles Amid Market Turmoil and AI Boom