CoreWeave's life as a publicly traded company is off to a rough start.

The Nvidia-backed (NVDA) cloud-computing company 澳洲幸运5官方开奖结果体彩网:managed to finish Friday, its first day of trading, in line with its IPO price and up from where it opened the session. On Monday morning, though, CoreWeave (CRWV) stock was pulled lower as markets slid.

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 澳洲幸运5官方开奖结果体彩网:broader market concern, with investors jittery about what might happen later this week with the 澳洲幸运5官方开奖结果体彩网:Trump administration tariff policy.

That unease has lately weighed on tech s♔hares, among them those associated with artificial intelligence, with the Nasdaq Composite leading the major indexes lower in recent trading t🌄oday.

The company in its IPO sold fewer shares, and at a lower price, than it originally hoped. One backer: the ARK Next Generation Internet ETF (ARKW), which on F🐠riday said it had acquired more than 400,000 shares.

“There’s a lot of headwinds in the macro. There are headwinds in the AI trade," CEO Mike Intrator said on CNBC Friday. "We definitely had to scale, or right-size, the transaction for where the buy interest was.”