** Shares of CoreWeave CRWV.O, Nvidia NVDA.O-backed artificial intelligence startup, down 3.4% at $38.66 before the bell following disappointing IPO
** CRWV opened at $39 on Fri in Nasdaq debut and ended session flat at $40, after $1.5 bln IPO downsized by >20% and priced well below the expected range
** Nvidia, which had ~6% stake in CoreWeave, bought $250 mln worth of IPO shares, Reuters reported
** Livingston, New Jersey-based CoreWeave, which has yet to turn a profit, generated more than eightfold rev increase in 2024 to $1.9 bln, of which Microsoft MSFT.O accounted for nearly two-thirds
** CoreWeave's IPO viewed as a crucial barometer of investor appetite for new listings and sentiment for AI-related stocks after the launch of China's DeepSeek
** Equities, which tumbled on Fri, extending declines premarket amid broader global selloff after U.S. President Donald Trump's latest tariffs comments stoke recession jitters .N
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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