CoreWeave CEO Michael Intrator on capital markets vs the media [Fortune]
Bank of America Corporation (BAC)
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Source: Fortune
The markets: It's grim out there. Analyst notes from UBS, Bank of America EY , and Apollo on tariffs and the economy. Plus: All the news and watercooler chat from Fortune Good morning. The performance of an IPO can reflect broad market sentiment or narrow investor enthusiasm for the company being listed—or a bit of both. There were a lot of eyes on CoreWeave's Nasdaq debut on Friday, which closed flat at its scaled-back IPO price of $40 a share. Some saw the underwhelming performance of the Nvidia-backed AI cloud-computing provider as a bad sign for tech IPOs and AI, while others, including my colleague Jeremy Kahn, believe the reaction to CoreWeave reflects the challenges of being CoreWeave Maybe it's a bit of both. I spoke with CoreWeave CEO Michael Intrator on Friday about the New Jersey-based company's much-scrutinized debut. He said they had scaled back the price and size of the stock offer because of “broader market headwinds,” describing the IPO as “a means to an end”
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