CoreWeave reported its Q2 2026 earnings last week, triggering an immediate positive market reaction that propelled its shares from ~$90 to ~$111. What was the remarkable achievement of the company? Maybe losing more money, a significant worsening of margins, or raising more than $6 billion in debt in just 3…
Category:AI bubble
THE AI STOCKS PARTY IS OVER, NOW THE HANGOVER BEGINS
I lost count of how many articles, posts, and analyses I have written over too many years documenting what was REALLY happening in the AI space, as opposed to what was happening according to the fantasies and stories broadcast non-stop by all actors with various degrees of vested interest in…
ON WALL STREET, NOBODY CARES ABOUT CRUDE OIL; THEY ALL CARE ABOUT WHEN THE AI BUBBLE IS GOING TO BURST
In the current circumstances, you might expect the worsening crude oil crisis to be at the top of every trader’s mind. However, based on all my conversations so far, confidence is so high in governments’ capabilities to avoid shortages of crude oil and distillates that the risk is, at best,…
META JUST THREW A WRENCH IN THE AI BANDWAGON
Yesterday, when I first read the Bloomberg headline “Meta Is Planning a Cloud Business to Sell AI Computing Power,” the first thing I instinctively thought was, “Selling AI computing power to whom, exactly?” AI labs are currently split into two categories: those who built their own infrastructure and those who…
HAS THE NVIDIA CASH COW STOPPED PRODUCING MILK?
This is what I wrote about 3 weeks ago in “NVIDIA IS NOW VERY CLOSE TO HITTING THE CIRCULAR FINANCING BRICK WALL”: “Personally, I would not even be shocked if, in several months, Nvidia surprises the market and tries to raise significant amounts of debt via bond issuances, like other…
THE UNHAPPY ENDING OF THE WHOLE AI DREAM
While I was waiting for Oracle numbers, a very interesting headline came out: “China plans $295bn state-directed AI buildout as Beijing moves to lock out Nvidia and AMD”. This is what I wrote about 8 months ago in “THE DATA CENTERS FRENZY WILL BE REMEMBERED AS THE LARGEST WASTE OF…
ALPHABET EQUITY RAISE: A BOLD MOVE OR A GIANT MISTAKE?
On Monday, after US markets closed, Alphabet (the parent company of Google) issued a press release that took investors by surprise (to say the least): “Alphabet Announces Proposed $80 Billion Equity Capital Raise to Expand AI Infrastructure and Compute.” On the surface, Alphabet claims that, despite sitting on almost $127…
NVIDIA IS NOW VERY CLOSE TO HITTING THE CIRCULAR FINANCING BRICK WALL
Two years ago, I wrote the article “NO, NVIDIA IS ONLY ONE PIECE OF A BIGGER (FRAUDULENT) PUZZLE”, trying to shine a light on what, two years later, became the biggest circular financing scheme in the history of financial markets. Since what I was describing at the time was hard…
IS THE OPENAI CHICKEN FINALLY COMING TO ROOST?
Today I was working on something and planned to talk about something completely different, but then the WSJ dropped this bombshell: “OpenAI Misses Key Revenue, User Targets in High-Stakes Sprint Toward IPO”. I am pretty sure nobody expected to read something like this today, especially ahead of hyperscalers’ earnings due…
IS THE DUO NVIDIA – COREWEAVE ABOUT TO JOLT THE AI NARRATIVE?
Lately, I haven’t written that often like I used to about AI and all the wicked narratives that propelled the stock price of many companies in the space into the stratosphere. The reason is very simple: after more than fifty articles over 2 years (all archived here), until today, I…