CoreWeave Stock Debuts at $39 After Selling Shares for $40 A Piece
Shares of CoreWeave (CRWV) opened at $39 apiece during the company's debut on Nasdaq on Friday afternoon, just under its initial public offering which closed Thursday evening.
The cloud computing firm had sold roughly 37.5 million shares at $40 each, raising about $1.5 billion for its initial public offering (IPO), making it the largest tech offering since 2021. It had, however, initially planned to file the offering at $47 to $55 a share at a much higher valuation than it ultimately saw.
Nvidia, an early investor in the company, placed a $250 million order in the offering.
Some experts speculated that the stock's debut wouldn't see the success it had hoped for. Bloomberg Opinion US technology columnist Dave Lee, for example, pointed out the company's large debt, reliance on just a few big customers and lack of diversity in revenue may be an issue.
'CoreWeave stands to be a bellwether for the AI industry as a whole — a must-watch stock as questions about return on investment grow ever louder,' Lee wrote in an op-ed on Friday. 'Even the slightest indication of shakiness in the belief of AI sends investors into a tailspin.'
The current risk-off environment caused by the overall macro situation in the U.S., mainly due to recent tariffs imposed by U.S. President Donald Trump, which has caused a sell off in tech stocks, could also have weighed on CoreWeave's IPO.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Wyr.ai Partners with Vuzix to Launch Its New M400 Smart Glasses-based AI-driven Quality Assurance Inspection Platform
ROCHESTER, N.Y., June 3, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI-powered smart glasses, waveguides and Augmented Reality (AR) technologies, today announced that the Company and Private Limited (" a trailblazing XR and AI product company that revolutionizes industries through cutting-edge technology, have partnered to launch a new AI-driven quality assurance inspection platform that uses Vuzix M400™ smart glasses. The platform will largely target U.S. Fortune 500 firms. platform utilizes extended reality algorithms and artificial intelligence for visual quality assurance. The company's technology enables automated quality control processes, streamlining product testing and inspection for various industries. The features include automated carton count, defect detection, bar code scanning, color matching, pattern matching, productivity monitoring, OCR enabled PO module, reports generation, and more. Suppliers, manufacturers, and exporters can live stream quality inspections to buyers and keep recorded proof for future reference, ensuring transparency, avoiding disputes, and keeping shipments moving smoothly. solution works well for, among other product categories, toys, textiles, apparel, handicrafts, jewelry and hard goods. A video illustrating Vuzix smart glasses running platform for product inspection can be seen here. "Vuzix M400 smart glasses are a powerful hands-free device that fits hand to glove with our new platform," said Dicky Massey, CEO of "One of the key features of our solution is its ability to perform color and pattern matching to approved lots in real-time, ensuring inspections are more accurate and streamlined. Our software generates instant reports, saving hours of manual work and boosting productivity for quality inspectors. This leads to significant revenue savings and more efficient quality control." " is launching a very competitive productivity tool that should be able to generate broad interest and demand within their target markets," said Paul Travers, President and CEO of Vuzix. "We are excited to have our M400 smart glasses at the core of their solution and we look forward to expanding our relationship with them." About We are a trailblazing XR and AI product company that revolutionizes industries through cutting-edge technology. At we unleash the full potential of Extended Reality (XR) and Artificial Intelligence (AI) to deliver unparalleled solutions for visual quality inspection, warehouse management, virtual showrooms, and beyond. Our vision at is to bridge the gap between imagination and practicality. By harnessing the potential of XR and AI, we strive to create transformative solutions that optimize industries, simplify complex tasks, and enable companies to unlock their fullest potential. Our pursuit of excellence fuels a world where businesses thrive, and the human experience is enriched through immersive digital experiences. For more information, visit the website. About Vuzix Corporation Vuzix is a leading designer, manufacturer and marketer of AI-powered Smart Glasses, Waveguides and Augmented Reality (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 425 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan. For more information, visit the Vuzix website, X and Facebook pages. Forward-Looking Statements Disclaimer Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward looking statements contained in this release relate to Vuzix Smart Glasses, our business relationship and future opportunities with and its customers, and among other things the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the "Risk Factors" section of the Company's Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at or Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law. Vuzix Media and Investor Relations Contact: Ed McGregor, Director of Investor Relations,Vuzix Corporationed_mcgregor@ Tel: (585) 359-5985 Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,Investor Information – IR@ View original content to download multimedia: SOURCE Vuzix Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29 minutes ago
- Yahoo
Tims China Registration & Webcast details for Q1 2025 Results Conference Call on June 24, 2025
SHANGHAI, and NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- TH International Limited ('Tims China' (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, plans to release its first quarter results before market opening on Tuesday June 24, 2025, with a conference call to follow at 8:00 AM EST or 8:00 PM China Standard Time. The conference call will be webcast, and can be accessed on the company website at Participants are kindly encouraged to pre-register for the conference call, by using the link provided below. Pre-registration Link: ABOUT TH INTERNATIONAL LIMITED TH International Limited (Nasdaq: THCH) ('Tims China') is the parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. Tims China was founded by Cartesian Capital Group and Tim Hortons Restaurants International, a subsidiary of Restaurant Brands International (TSX: QSR) (NYSE: QSR). The company's philosophy is rooted in world-class execution and data-driven decision making and centered around true local relevance, continuous innovation, genuine community, and absolute convenience. For more information, please visit Contacts Investor RelationsIR@ or Public Follow @TimHortonsChinaError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
30 minutes ago
- CNBC
Applied Digital CEO weighs in on $7B data center deal with CoreWeave
Wes Cummins, Applied Digital CEO, joins 'Squawk on the Street' to discuss the company's deal with CoreWeave, demand outside of CoreWeave and much more.
