CoreWeave Stock Bounces on First Day of Trading After Scaled-Back IPO - WSJ
1. CoreWeave's IPO fell short, priced at $40 against $47-$55 target. 2. Investor enthusiasm for AI stocks declines amid market volatility. 3. CoreWeave's revenue was $1.9 billion, but it lost $863 million in 2024. 4. Concerns about AI sustainability and high operational costs weigh on CoreWeave. 5. Microsoft is a major customer, accounting for two-thirds of revenue.