Analysis: Why CoreWeave is in the crosshairs of the AI scare
LONDON/BENGALURU: Loss-making and deeply indebted US cloud company CoreWeave became an easy target this week for investors concerned about an artificial intelligence bubble. Its selloff, though, has greater significance for markets than its size implies.
The slump in the shares and bonds of the $39 billion Nvidia-backed AI infrastructure company came after third-quarter reports from hyperscalers hinted at delays in data center projects and a slower pace of growth in capital expenditure.
