Hmm.
The announcement by Meta that they'll start selling AI compute potentially broke one of the pet narratives of the AI bubble: compute is so scarce that we need to spend all the money to build more. That story is the justification for crypto-turned-AI companies with poor fundamentals like CoreWeave to continue existing.
Nothing about stock or commodities prices makes any sense anymore so maybe tomorrow their stock will be up 2x.
#AI #AIBubble #CoreWeave #CRWV #Meta #StockPrice
The announcement by Meta that they'll start selling AI compute potentially broke one of the pet narratives of the AI bubble: compute is so scarce that we need to spend all the money to build more. That story is the justification for crypto-turned-AI companies with poor fundamentals like CoreWeave to continue existing.
Nothing about stock or commodities prices makes any sense anymore so maybe tomorrow their stock will be up 2x.
#AI #AIBubble #CoreWeave #CRWV #Meta #StockPrice
