** Shares of artificial intelligence startup CoreWeave CRWV.O bounce back above IPO price in third day of trading on Weds
** CRWV shares rise as much as 10.6% to $41 so far on the session. Stock on Mon hit post-debut low of $36 before ending down 7.3% at $37.08
** Nvidia NVDA.O-backed firm's shares finished flat at $40 in debut on Fri after $1.5 bln IPO was slashed in size and priced well below expectations
** AI poster child Nvidia, which had ~6% pre-IPO stake in CoreWeave, bought $250 mln worth of the offering's shares, Reuters reported
** CoreWeave, which has been unprofitable, posted more than eightfold rev increase in 2024 to $1.9 bln
** Microsoft MSFT.O, a competitor through its Azure unit and a customer, accounted for nearly two-thirds of CoreWeave's rev last year
** CoreWeave's IPO was viewed as a crucial barometer of investor appetite for new listings and sentiment for AI-related stocks after the launch of China's DeepSeek
** The combined disappointing performances of CoreWeave and liquefied natural gas exporter Venture Global VG.N, two major IPOs this year, could weigh on the new listings pipeline
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.