Tesla falls ahead of the release of first-quarter deliveries, Nvidia dips after ending a five-session losing streak, and nCino drops sharply after earnings and guidance miss analysts’ estimates.

CoreWeave's IPO was decidedly unspectacular. This lackluster at best debut could hint that the AI stock boom is over. However, another take is that the boom is only paused and will eventually resume.

Artificial intelligence startup CoreWeave's shares closed up 42% at $52.57 on Tuesday, their third day of trading, above their initial public offering price of $40.

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 .

CoreWeave rents out access to Nvidia graphics processing units to other large tech and AI companies including Meta, IBM and Cohere.