A stock split is a tool public companies have available that allows them to cosmetically alter their share price and outstanding share count by the same factor. The "cosmetic" aspect of these adjustments means a company's market cap and underlying operating performance aren't impacted by a split.

Shares of the media company were recently off some 40% to $140, plummeting to start their third day of trading. Newsmax ( NMAX) went public Monday —its IPO price was $10, and it opened at $14—to kick off a dramatic upward run. The stock finished yesterday at $233 after slipping from intraday highs of $265.

In September 2024, Newsmax filed for its IPO with the SEC identifying early 2025 as the company’s window for pricing. On Friday, Newsmax raised $75 million with the IPO with the offering price of $10 per for a float of 7.5 million shares.

The recently IPO'd CoreWeave ( CRWV 6.65%) offered the latest reminder of the explosive growth in AI, and its recent revenue jump blew Nvidia's away. Admittedly, CoreWeave is much smaller than Nvidia, but its revenue soared 737% in 2024 to reach $1.9 billion.

Conservative new channel Newsmax's stock surged again on Tuesday after skyrocketing Monday in its first day of trading.

Shares of Newsmax soared spectacularly when the conservative-leaning media company made its debut on Wall Street on Monday.Newsmax sold 7.5 million shares at an IPO price of $10, and shares surged to $83.

Josh Lipton outlines some of the top trending tickers on Yahoo Finance's platform, joined by Citi Wealth chief investment strategist and chief economist Steven Wieting and Investopedia editor in chief Caleb Silver.