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Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are currently worth more than $130 each.

The IPO rally became the largest in the history of the NYSE, propelling the media company's owner to multi-billionaire status.

By Zaheer Kachwala and Medha Singh (Reuters) -Shares of conservative news outlet Newsmax soared more than 60% on Tuesday, extending their eye-popping gains a day after a stellar debut on the New York Stock Exchange.

The rise follows conservative media company Newsmax's Monday public debut, which was the best-performing first day since 2022.

Newsmax made a wild debut in the stock market. Shares of the media company surged 735% to $83.51 a share. Trading was halted multiple times during the session due to volatility. Newsmax, trading under the symbol NMAX,

Newsmax lost $55 million in the first half of last year. But its stock has surged this week as shares in the company traded on the public market for the first time.

Conservative TV company Newsmax has seen its stock market valuation surge by more than 2,200% since its debut in New York on Monday. The US firm's shares, which were originally priced at $10 (£7.75) each,

Conservative cable network Newsmax (NYSE:NMAX) exploded onto the public markets on Monday, closing at $83.51—up a staggering 735% from its $10

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.

Since artificial intelligence (AI) caught the attention of the market beginning in November 2022, Nvidia (NASDAQ: NVDA) has set the bar for blockbuster growth among AI-associated stocks. The GPU specialist posted five straight quarters of triple-digit revenue growth through fiscal 2024 and 2025,

CoreWeave priced its initial public offering (IPO) at $40 a share in March. The company initially expected to sell shares in the range of $47 to $55, but concerns about the pace of AI spending and CoreWeave's business model caused it to downsize the offering. Nvidia ( NVDA) — an early CoreWeave investor — reportedly anchored the IPO at $40.

CoreWeave’s valuation at 5x forward sales isn’t compelling when debt is mounting, and cash flow is deeply negative. Read why I'm neutral on CRWV stock.

CoreWeave (CRWV) shares jumped more than 20% on Tuesday after a tepid response to last week's initial public offering.

CoreWeave's explosive growth driven by AI contracts, robust economics, and IPO proceeds. Read here for our bullish thesis on CRWV stock.