COREWEAVE'S IPO DISAPPOINTS, INFLATION COMES IN HOT

Summary from the TLDR Founders newsletter

CoreWeave, an AI infrastructure provider, priced below its target range at $40 per share. It raised $1.46 billion by selling 36.5 million shares, but missed its initial $47-55 range after concerns about datacenter overcapacity dampened enthusiasm. Meanwhile, inflation ticked up with February PCE hitting 2.5% year-over-year and core PCE reaching 2.8%—both above expectations and worrying given upcoming auto tariffs.