CoreWeave’s stock experienced a significant surge of over 38% on its third day of trading following its initial public offering (IPO). This rise comes amidst positive investor sentiment towards artificial intelligence (AI) stocks, sparked by OpenAI’s groundbreaking $40 billion funding round. CoreWeave, an AI-focused startup, went public on the Nasdaq last Friday and initially saw a dip in share prices, closing below its IPO price at $40 before declining further on Monday. However, Tuesday saw investor confidence grow with OpenAI’s significant funding, valuing the company at $300 billion, boosting enthusiasm for AI companies despite market uncertainty. This sentiment extended to digital assets as AI-related tokens like Near Protocol (NEAR), Internet Computer (ICP), Bittensor (TAO), and Render (RENDER) saw gains of over 3%, with RENDER leading the way with a 7.4% increase. The broader digital asset market, represented by the CoinDesk20 Index, also rose by 3%. Another company benefiting from this surge is Core Scientific (CORZ), a bitcoin mining and data center firm with a strong partnership with CoreWeave, which saw its shares jump more than 9% on Tuesday. This trend underscores the increasing investor confidence in AI-powered companies and sectors despite broader economic conditions.