CoreWeave shares soar past IPO price on third trading day
At close, the company added more than $7 billion to its market value.
On Friday, the Nvidia-backed stock debuted at $39, giving the AI infrastructure firm a valuation of $23 billion on a fully diluted basis. CoreWeave had already taken a hit on Thursday when it downsized its IPO.
Nvidia contributed a $250-million order as part of CoreWeave's IPO, which raised $1.5 billion, Reuters reported last week.
Livingston, New Jersey-based CoreWeave provides access to data centers and high-powered Nvidia chips, which have become the most sought-after resource in the race to develop AI applications.
Founded as an Ethereum-focused crypto miner in 2017, CoreWeave pivoted to AI a few years later. It shuttered its mining business after "The Merge," Ethereum's 2022 upgrade, slashed rewards for miners.
In its IPO filing earlier in March, CoreWeave reported revenue of $1.92 billion in 2024, compared with $228.9 million a year earlier. Its net loss widened to $863.4 million during the same period from $593.7 million in 2023.
Roughly two-thirds of CoreWeave's revenue came from Microsoft, which is the company's biggest customer.
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CNBC
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India to maintain Russian oil imports despite Trump threats, government sources say
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2 hours ago
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Nvidia Remix is bringing my favorite PC classics back to life — 5 games I can't wait to play
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But the demo is catching steam, and it really brings out the shine that I remember the game having when it first launched. Right from the opening cinematic, I could clearly see the fully ray-traced lighting shining off the clones' helmets and armor, only to be further impressed by the updated droid models I was shooting down with the DC 17 Rifle, blasting beams of light. The landscape of the first level also received texture upgrades, making it look far brighter and losing that dull, unsaturated "brownness" we got a lot of back when it was booming in many 2000s games. It's not perfect, nor is it meant to be, since it's a project still being worked on. There were patches of light that didn't add up, and some of the visually old-looking explosions from droids didn't mesh too well with the rest of the upgraded textures. Plus, it only works with the Tactical Visor Mode turned on, so no usual helmet view here. But seeing the potential RTX visual overhaul Star Wars: Republic Commandos can get, it would happily return to lead my team of weapons — I mean, commandos. Replaying Max Payne is almost like a tradition to me (even going through that dastardly Nightmare Maze). Falling in slow motion with its iconic Bullet Time and firing off rounds while wielding dual handguns never gets old. So, getting a glimpse of its RTX enhancements just makes me more excited for my near-annual replays. This Max Payne RTX remaster comes from creator Noodle, with the mod being in full show during the game's opening act. Along with RTX lighting giving the game a more modern shine, there are updated hand-crafted PBR (Physically-Based Rendering) materials, essentially physically accurate objects, along with a newly modeled and textured train. But bringing path-traced lighting into the fold gives Max Payne a more realistic glint. 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Plus, as stated by the creators, the frame rates have been pushed further in areas of the demo, which reach up to 350 FPS on an RTX 5080 at 1080p resolution. If these RTX Remix-enhanced PC games break cover and see a full release on Steam, I'll be all over them. If you can, try them out and give them some attention, and hopefully, we'll see even more titles get the RTX Remix treatment. Follow Tom's Guide on Google News to get our up-to-date news, how-tos, and reviews in your feeds. Make sure to click the Follow button.
Business Upturn
2 hours ago
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No new crypto ban from China in 2025: Clarifying misinformation spreading on social media
Fact Check: Viral claims about a new cryptocurrency ban in China are false. The policy referenced dates back to 2021 and remains unchanged. What's being claimed A viral message circulating online claims: 'China has officially banned cryptocurrency trading, mining, and related services, citing financial risks, capital flight concerns, and environmental impacts.' Many users on social media, including Twitter and Telegram groups, have shared this message, causing confusion among crypto investors and enthusiasts across the globe. The truth China did indeed impose a ban on cryptocurrency trading, mining, and related activities — but this happened back in September 2021. The report being circulated as 'breaking news' is actually a recycled screenshot from a Reuters article published on September 24, 2021, which clearly mentions the original date and the update timestamp (September 27, 2021). No fresh announcement has been made by Chinese regulators in 2025 regarding a new crypto crackdown. What the 2021 policy said In 2021, China's central bank and other regulators declared all crypto-related transactions illegal. The policy cited: Financial risk and market volatility Concerns about money laundering and capital flight Environmental concerns from high-energy usage of crypto mining operations These reasons were cited at the time of the original ban and have not been reiterated in any official announcement this year. Why the confusion? The misinformation appears to have originated from: Outdated screenshots of past news being reshared without context Misleading captions that present old news as a new development Viral posts designed to influence crypto market sentiment, often timed with market volatility A post featuring the 2021 Reuters headline has been making the rounds, with some users falsely claiming it is from August 2025. Official clarification Multiple sources, including Bitcoin Junkie and crypto analysts, have confirmed that no new ban has been issued by Chinese authorities in 2025. The People's Bank of China (PBoC) and Chinese state media have also made no statements or press releases regarding any additional regulatory steps this year. What the Reuters article actually says: 'China's top regulators ban crypto trading and mining, sending bitcoin tumbling' Published: September 24, 2021 — Updated: September 27, 2021 The date in the screenshot (which many users overlook) clearly proves that it's an old report. How to avoid falling for fake news in the crypto space Check the date of the article or screenshot Verify from credible financial news outlets (e.g., Reuters, Bloomberg, CNBC) Be cautious of Twitter and Telegram forwards that lack official links or timestamps Look for official regulator announcements on government portals or reputable media Claims and reality check Claim Reality 'China banned all crypto again in 2025' False — no new ban announced 'Reports are based on recent Reuters article' Partially true — article discusses policy review, not a ban 'It's new national regulation' False — the discussion was regional (Shanghai), no national decree 'Chinese regulators are considering yuan-based stablecoins' True — indirectly confirmed by company lobbying and meeting context Market impact Although the false report did create temporary panic among some retail investors, the broader crypto market has largely remained stable. Analysts believe seasoned investors quickly identified the misinformation. Conclusion China's stance on cryptocurrency remains unchanged since 2021. No new policy banning crypto trading or mining has been enacted in 2025. The message claiming 'China has officially banned crypto in 2025' is false, misleading, and should not be acted upon. Always fact-check before reacting to viral financial content. Ahmedabad Plane Crash News desk at
