The AI cloud computing provider CoreWeave made its debut on the Nasdaq Friday under the ticker CRWV. The stock fell around 6% immediately after shares began trading but pared losses to end the trading session.

One analyst says investors seem to be taking issue with CoreWeave specifically, which he views as “nothing more than a highly leveraged, off-balance-sheet arrangement for Nvidia.”

Shares of CoreWeave closed Friday at $40, the same level where the AI statrup priced its offering late Thursday. The offering price came in well below the $47 to $55 range the company had been targeting.

US stocks tanked on Friday as Wall Street grappled with President Trump's escalating trade war and weighed signs of reinvigorated inflation pressures amid souring consumer sentiment. The major averages fell on Friday after the release of a hotter-than-expected Personal Consumption Expenditures index reading,

U.S. stocks are falling following discouraging updates on inflation and how much U.S. households may be willing to spend

The major stock indexes closed lower Thursday, as the stock market dealt with the fallout of President Donald Trump's latest tariffs.

Wall Street inched lower as uncertainties brought by U.S. President Donald Trump’s latest tariffs lingered, threatening to upend markets’ bid for a positive week. Futures for the S&P 500 lost

The all-stock deal values xAI at $80 billion and X at $33 billion, according to Musk’s post. The billionaire has increasingly linked the two companies, wielding user data from X to train its AI models.

Elon Musk says that his AI venture xAI has acquired his social media platform X, formerly known as Twitter. In an X post Friday, Musk said the all-stock transaction values xAI at $80 billion and X at $33 billion.

Musk, the owner of both companies, said the deal values the startup AI company at $80 billion and the social media platform at $33 billion.

Both companies are privately held, which means they are not required to disclose their finances to the public.

Elon Musk on Friday evening announced he has sold his social media company, X, to xAI, his artificial intelligence company, in a deal that values X at $33 billion.