Nvidia-backed CoreWeave’s shares open nearly 3% lower in market debut

(Reuters) – CoreWeave’s shares opened nearly 3% below their initial public offering price on the Nasdaq on Friday.

The Nvidia-backed AI infrastructure firm was valued at $22.7 billion on a fully diluted basis.

(Reporting by Manya Saini in Bengaluru; Editing by Shounak Dasgupta)