Table of Contents

• CoreWeave

• U.S. Stocks

Top Stories Today

CoreWeave

CoreWeave’s stock surged nearly 42% on Tuesday, rebounding above its IPO price after a weak second day of trading. The cloud provider, which leases access to Nvidia chips, ended the session at $52.57, giving it a market cap near $25 billion. Shares had dipped below the $40 offering price on Monday following a volatile debut on Friday. CoreWeave’s IPO, the largest venture-backed tech debut in the U.S. since 2021, came amid uncertainty over trade policies and broader economic concerns. The company had previously cut its offering price and reduced share volume due to muted demand. Despite a net loss of $863 million, CoreWeave reported a 737% jump in revenue last year, reaching $1.92 billion.

U.S. Stocks

U.S. stocks ended higher on Tuesday after a volatile session marked by investor caution ahead of President Trump’s tariff announcement. The S&P 500 rose 0.38% and the Nasdaq climbed 0.87%, while the Dow slipped slightly. Gains were driven by a rebound in large-cap tech names such as Tesla, Meta, and Amazon, although losses in healthcare and airlines weighed on the broader market. Newsmax surged again following its explosive public debut, and CoreWeave also recovered after early struggles. Despite the bounce, market participants remained wary, awaiting more clarity on trade policy and economic signals in the days ahead.

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