AI Mania: Billions, Billions, and More Billions! 🤑

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What’s the Haps, Folks? 🤔

  • 🚀 CoreWeave (CRWV) shares skyrocketed over 38% on Tuesday! Because, why not? 🤑 (Back above IPO levels, baby!)
  • 🤦‍♂️ Initially, their Nasdaq debut on Friday was a bit of a, well… *yawn*. Dropped below $40, but who’s counting? 🤷‍♂️
  • 🔥 OpenAI’s $40 BILLION raise (yeah, that’s a lot of zeros!) set the AI market ablaze! 🚒 CoreWeave, Render, Bittensor, and more are partying like it’s 1999! 🎉

Okay, okay, let’s get serious for a sec… 🙄 CoreWeave (CRWV) shares surged over 38% on their third day of trading after that whopping $1.5 billion IPO. This, after OpenAI dropped the mic with a $40 billion funding round, valued at a casual $300 billion. 💸

So, CoreWeave went public on Friday, and it was all, “Meh, I’m good.” 🙅‍♂️ Stock dropped, ended flat, dropped some more… You know, the usual Monday blues. 😔 But then, OpenAI was all, “Hey, I’ve got $40 billion, and I’m feeling generous!” 🤑

Fast forward to Tuesday, and suddenly everyone loves AI again! ❤️ AI tokens like Near Protocol (NEAR), Internet Computer (ICP), Bittensor (TAO), and Render (RENDER) were all, “Pick me! Pick me!” 🙋‍♀️ Up over 3%, with RENDER leading the pack at 7.4% higher. The CoinDesk20 Index also rose 3%, because why not? 🤷‍♂️

And, as a fun little bonus, Core Scientific (CORZ), the bitcoin miner and data center BFFs with CoreWeave, saw their shares rise over 9% on Tuesday. Because, friends with benefits… of stock rises? 🤑

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2025-04-01 23:09