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Here’s Why Newsmax and CoreWeave’s IPOs Have Exploded

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Written by Timothy Sykes
Updated 4/4/2025, 4:08 pm ET 4 min read

Hot IPOs are back in the headlines — and if you’ve been anywhere near a trading screen lately, you’ve probably seen the chaos surrounding Newsmax (NYSE: NMAX) and CoreWeave (NASDAQ: CRWV).

We’re talking about multi-hundred-percent moves, wild swings, meme-stock chatter, and some truly eye-popping valuations … all in the first few days of trading.

But before you rush in thinking you’re about to catch the next moonshot, let’s break this down trader-to-trader — because this kind of action isn’t just volatile, it’s dangerous if you’re not prepared.

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The NMAX Supernova: From MAGA Media to Meme Stock

Newsmax (NMAX) exploded more than 2,000% in two sessions after its IPO — briefly hitting a market cap higher than Fox Corp — before crashing 77% in one day.

Check out the latest Newsmax stock news here!

How does that even happen?

Simple: low float, heavy retail interest, political buzz, and a limited Regulation A IPO sold to 30,000 investors. In other words… perfect meme-stock fuel.

This isn’t about fundamentals — Newsmax lost $72 million last year. But the stock’s small float and emotionally charged narrative (Trump connections, anti-mainstream sentiment, etc.) triggered a massive speculative frenzy.

That’s the kind of play where discipline matters more than hype. Chasing a move like this without a clear trading plan is how accounts blow up.

CRWV: AI Hype + NVIDIA Ties = Frothy Frenzy

Then there’s CoreWeave (CRWV) — the AI infrastructure startup backed by NVIDIA and OpenAI.

CRWV went public under huge expectations, and while it initially underwhelmed, it’s since rallied hard, up 65% in its third day trading despite massive cash burn and reliance on just one customer (Microsoft accounts for 60% of its revenue).

Of course, it also crashed in its latest trading days, down 20% from its high.

Read the latest CoreWeave news here!

The company lost $860 million last year. But again, fundamentals don’t drive IPO action — hype does. AI is hot. So traders are piling in with no regard for sustainability.

More Breaking News

That’s the setup for a potential breakout … or a massive rug pull. Either way, you better have a tight plan if you’re trading it.

Why IPOs Are So Dangerous for Traders

Here’s the bottom line — and it’s something I’ve said for 20+ years…

IPOs are landmines for new traders.

Why?

Because there’s no chart history. No established support or resistance. No volume-based levels. You’re flying blind.

That means no clean technical analysis and no prior price action to “build the case.”

Instead, you’re relying on hype, emotions, and crowd behavior. And that’s a tough game to play — especially if you’re still learning to manage risk.

Even veteran traders tread carefully around IPOs. They wait. They watch. They look for repeatable patterns after a few days of trading data are on the chart.

My Best Advice for IPO Trading

If you’re gonna trade IPOs like NMAX or CRWV, here’s how to do it with a real strategy, not just wishful thinking:

  • Avoid Day 1. This is where most traders get bagged. Wait for the dust to settle.
  • Let the chart form. Give it 3–5 days to establish support/resistance and confirm volume interest.
  • Look for key breakouts. Breaks above the IPO price or Day 1 high can be strong — if backed by volume and a setup you know.
  • Trade like a sniper. Small size. Tight risk. Clear goal. No holding and hoping.
  • Cut losses quickly. It’s my #1 rule for a reason — IPOs can drop 30–50% in minutes.
  • Don’t fall for FOMO. If you missed the move, let it go. Another setup will come.

Final Thoughts: Learn to Recognize the Game

NMAX and CRWV have been insane to watch — and yeah, maybe even fun to trade for the right kind of trader.

But for most people, they’re better off on your watchlist, not your portfolio.

When it comes to IPOs, hype is not a strategy. And unless you know how to manage risk in unpredictable environments, these “opportunities” can become expensive lessons.

So stay smart. Be patient. Study the charts. And never forget: the market rewards preparation — not gambling.

Want to learn how I trade unpredictable setups like this?

Check out my free webinar here!


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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity.
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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”

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