The semiconductor sector is cyclical and, given its soaring growth over the last two years, investors seem to be wary about the impact that a recession would have on Nvidia. When March came to a close, the stock finished down 13%, according to S&P Global Market Intelligence.

Shares of the media company were recently off some 65% to $80, plummeting in their third session as a publicly traded company. Newsmax ( NMAX) went public Monday —its IPO price was $10, and it opened at $14—to kick off a dramatic upward run. The stock finished yesterday at $233 after slipping from intraday highs of $265.

Nvidia Corporation (NASDAQ: NVDA) dropped 3.66% during the Monday pre-market trading session following CoreWeave's disappointing IPO and uncertainty surrounding President Donald Trump's 'Liberation Day' on April 2.

CoreWeave co-founder Brian Venturo knows that three hedge fund guys, turned crypto miners, now running AI training infrastructure has been a wild ride.

Chief among the watchdog panel's worries was Cerebras' reliance on the United Arab Emirates (UAE) AI crown jewel G42, which according to the upstart's IPO filings from September, accounted for more than 87 percent of its revenues in the first half of 2024.

Dan Niles highlights the challenges for the "tough" CoreWeave IPO, stemming from the reduction in AI spending in 2025.

The CoreWeave IPO will be another test for Nvidia and the near-term demand for AI chips. Read why I remain bearish on NVDA stock.

The biggest US technology float since 2021, for artificial intelligence firm CoreWeave, fell flat on Friday. That has implications across the Pacific.