Investing.com -- Coreweave opened trading below its initial public offering price on Friday, stoking some fears that AI data centers demand has peaked.
The AI start-up shares opened at $39 in its stock-market debut on Friday, below the $40 a share IPO priced announced Thursday. The IPO pricing was well below the $47 to $55 range the company had been targeting.
Coreweave reported a net loss of $0.9 billion for the year despite racking in revenue of $1.9 billion of 2024, up about 740% from a year earlier.
Coreweave fell 5% to $38.10 in recent trading.
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