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Stock impact report

CoreWeave IPO falls 8% on second day, despite NVIDIA lifeline [Yahoo! Finance]

NVIDIA Corporation (NVDA) 
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Company Research Source: Yahoo! Finance
The stock was last down 8% to $36.90 after a lackluster initial public offering (IPO) last Friday. The company's shares, which were priced at $40 during the IPO, opened at $39 on Friday and ended the day at the same level, $40. CoreWeave's IPO saw the company and selling shareholders raise $1.5 billion through the sale of 37.5 million shares. This figure fell short of the initial target of selling 49 million shares at a price range of $47 to $55, which could have raised as much as $2.695 billion. Half of the funds raised came from just three buyers, according to reports, while the top 15 investors acquired 90 percent of the offering. Notably, NVIDIA (NASDAQ:NVDA), a key partner and GPU supplier to CoreWeave, invested $250 million to support the IPO. Despite a remarkable 737% increase in revenue to $1.9 billion, driven by soaring demand for its AI services, CoreWeave reported a substantial net loss of $0.9 billion for the year. The company's financial performance reflects the chall Show less Read more
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