Tag: #TechStocks

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Reddit Crushes Q1 Expectations With Strong Revenue

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the staff of the Ridgewood blog

SAN FRANCISCO CA,  Reddit delivered a blowout earnings report for the first quarter of 2025, exceeding Wall Street expectations in both revenue and profit, and offering a bullish forecast for the upcoming quarter. Despite initial enthusiasm that sent Reddit stock soaring by as much as 19% in after-hours trading, gains moderated to around 5% after executives highlighted ongoing economic headwinds and search-related challenges tied to Google.

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NJ’s CoreWeave’s IPO Struggles Amid Market Turmoil and AI Boom

Nvidia backed CoreWeave plans to downsize US IPO source says 3335684951

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.

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