CoreWeave slumps with market as IPO research quiet period winds down

Shares of artificial intelligence startup CoreWeave CRWV.O down 12.4% at $35.25 and dropping for fifth straight session amid broader weakness in equities on Mon as research quiet period draws to a close

CRWV shares hit post-IPO lows as Wall Street tumbles after U.S. President Donald Trump takes aim at Fed Chair Powell, sending the Nasdaq Composite .IXIC down 3% .N

On Tues, Morgan Stanley, JP Morgan and Goldman Sachs are among an 18-firm underwriting group that will be allowed to begin coverage, in accordance with industry practice

CRWV shares on Mar 28 finished flat at $40 after $1.5 bln IPO was slashed in size and priced well below expectations

Chipmaker titan Nvidia NVDA.O, which had ~6% pre-IPO stake in CoreWeave, bought $250 mln worth of the offering's shares, Reuters reported

Shares of AI poster child NVDA are down >5% on Mon. This as Huawei Technologies HWT.UL plans to begin mass shipments of its advanced AI chip to Chinese customers as early as May, sources told Reuters

CRWV shares had zoomed as high as $64.62 on Apr 2, but have declined sharply since then

IPO performance for some of this year's vintage has been dismal, while a trade war sparked by Trump has roiled markets