CoreWeave’s stock is now up more than 31% since its flat trading debut on Friday. Analysts note it has a smaller float that can make it prone to volatile swings.

The recently IPO'd CoreWeave ( CRWV 6.65%) offered the latest reminder of the explosive growth in AI, and its recent revenue jump blew Nvidia's away. Admittedly, CoreWeave is much smaller than Nvidia, but its revenue soared 737% in 2024 to reach $1.9 billion.

Shares of CoreWeave were recently down about 9% to under $37, below the $39 at which it opened trading last week. Part of the pullback is likely due to broader market concern, with investors jittery about what might happen later this week with the Trump administration tariff policy .