Shares of CRWV surged significantly over a two-day period, climbing from an initial low to a high of 41% by April 1, 2025. The stock experienced an impressive rally, rising 30% in one day and reaching afternoon highs of $59, marking a notable recovery of 50% from its lows earlier in the week. This surge has been attributed to positive sentiment surrounding an AI IPO. Magnetar Capital disclosed a substantial holding of 107,962,916 shares, representing a 30.14% ownership stake in Class A shares outstanding, as per a recent 13G filing. The firm manages approximately $19 billion in assets under management. Additionally, shares of NBIS also saw a rise of 8.5%, influenced by the favorable headlines related to CRWV.