Tesla stock rises following a report that CEO Elon Musk will soon step away from his government role, Rivian tumbles after first-quarter deliveries drop 36% from a year earlier, and Trump Media falls after a filing seeks to allow a trust headed by President Donald Trump to sell around $2.

CoreWeave achieved 12,000%+ revenue growth to $1.92B in 2024 with 70-80% GPU utilization.

CoreWeave (NASDAQ: CRWV) stock has had a bumpy start after it hit the public markets last week. Its initial public offering (IPO) wasn't well received on Friday, and the stock plunged in its first full day of trading yesterday.

Nvidia (NVDA) stock declined over 3% in premarket trading on Monday, closing the first quarter on a sour note. Investor sentiment weakened amid

Shares of CoreWeave were recently down about 9% to under $37, below the $39 at which it opened trading last week. Part of the pullback is likely due to broader market concern, with investors jittery about what might happen later this week with the Trump administration tariff policy .

CoreWeave's IPO is the first one of the generative AI era. Competition for new Nvidia chips from huge rivals will make it hard for CoreWeave to grow fast enough.

The semiconductor sector is cyclical and, given its soaring growth over the last two years, investors seem to be wary about the impact that a recession would have on Nvidia. When March came to a close, the stock finished down 13%, according to S&P Global Market Intelligence.

CoreWeave’s stock began trading on the Nasdaq exchange at $39 per share, which was below the company’s initial public offering (IPO) price of