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flag CoreWeave's stock jumps 20% after a big contract with OpenAI and strong AI industry results.

flag CoreWeave, an AI cloud company, saw its shares surge over 20% on its third trading day, rebounding from a 10% drop the previous day and below its $40 IPO price. flag This comes after strong quarterly results from AI provider Progress and CoreWeave's $11.9 billion contract with OpenAI. flag Despite initial volatility, the company's performance is seen as a test for the tech IPO market amid economic challenges.

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