CoreWeave's Nasdaq Debut: AI Giant Dips Below IPO Price

CoreWeave, an Nvidia-backed AI infrastructure firm, saw its shares open nearly 3% below the initial public offering price on Nasdaq. The company was valued at $22.7 billion on a fully diluted basis despite this dip, highlighting ongoing market volatility and investor sentiment around tech IPOs.

CoreWeave, an AI infrastructure firm backed by Nvidia, experienced a rocky start in its Nasdaq debut. The company's shares opened nearly 3% below their initial public offering price, signifying a cautious sentiment among investors.

Despite the initial dip, CoreWeave's valuation stands at an impressive $22.7 billion on a fully diluted basis. This valuation positions the firm as a notable player in the tech industry.

The market's reaction to CoreWeave's IPO underscores the ongoing volatility in the technology sector, as investors weigh the potential and risks associated with new public entities.

(With inputs from agencies.)