CoreWeave lost $33B in market value in six weeks amid construction delays at its Denton, Texas AI data center, criticism from short seller Jim Chanos, and more
The data-center provider's terrible six-week slide picked up speed when a famous short seller piled concerns on top of delays
WHOA baby. — Coreweave's vanished $33 bn in 6 weeks, this despite OpenAI guaranteeing $12 billion of buyer of last resort and investing in its largest customer JUST LAST QUARTER — The circle jerk of PE cash is beginning to crash to Earth www.wsj.com/tech/ai/core...
“CoreWeave, the largest of a new breed of companies driving the artificial-intelligence boom, has watched $33 billion of value vaporize in six weeks.” — Investors worry about a possible AI bubble, fallout from a failed merger and criticism from short seller Jim Chanos, who pred…
Imagine if journalists were allowed to speak of “unexpectedly turbulent rainstorms” as the kind of predictable development in a world where energy intensive bubbles drive economic growth? — www.wsj.com/tech/ai/core... [image]