CoreWeave (CRWV) shares soar more than 38% on their third day of trading debut

The artificial intelligence (AI) startup went public on the Nasdaq exchange on Friday afternoon.

After surging more than 38% on Tuesday, shares of CoreWeave (NYSE:CRWV) were trading up 9.4% in the premarket on Wednesday.

Rising briskly from the lows hit on Monday, the broader digital assets market, visualized by the CoinDesk20 Index, advanced 3%.

The shares of Core Scientific (NYSE:CORZ), the bitcoin miner and data center which has a large partnership with CoreWeave, were also up, climbing over 9%.

The digital assets market saw a positive outlook with the announcement of a record-breaking funding round by OpenAI.

The AI startup went public on the Nasdaq exchange on Friday afternoon. The stock dropped below its IPO price to $39 and ended the day flat at $40 before dropping another 10% on Monday, its first full day of trading.

The move comes at a time of strong anxiety and uncertainty in global markets, diminishing investor appetite and risk tolerance.

But investor sentiment towards AI-related stocks seemed to have changed on Tuesday after AI powerhouse OpenAI announced on Monday that it had closed a $40 billion funding round, valuing the company at $300 billion.

This optimistic outlook has also spread to digital assets, as AI-related tokens were boosted on Tuesday.

The tokens were trading up over 3%, with RENDER spearheading the group, exchanging hands 7.4% higher.

At the same time, the broader digital assets market, visualized by the CoinDesk20 Index, clocked in 3% gains.

The post Record-breaking OpenAI funding pushes digital assets up as CoreWeave shares continue to soar appeared first on Token Post | News, Web3, DeFi, Web3 Games, NFT, Metaverse.

* Record-breaking OpenAI funding pushes digital assets up as CoreWeave shares continue to soar

The broader digital assets market, visualized by the CoinDesk20 Index, advanced 3% on Tuesday.

* Investor sentiment towards AI-related stocks seemed to have changed on Tuesday after AI powerhouse OpenAI announced on Monday that it had closed a $40 billion funding round and that the company was now valued at $300 billion.

* This optimistic outlook has also spread to digital assets, as AI-related tokens were boosted on Tuesday.

* The tokens were trading up over 3%, with RENDER spearheading the group, exchanging hands 7.4% higher. At the same time, the broader digital assets market, visualized by the CoinDesk20 Index, clocked in 3%

The post Record-breaking OpenAI funding pushes digital assets up as CoreWeave shares continue to soar appeared first on Token Post | News, Web3, DeFi, Web3 Games, NFT, Metaverse.