Silicon Valley spent the GDP of a mid-sized country trying to build God, and now it turns out you can get God cheaper wholesale from China.
— Andy Wood (@andyhq) October 11, 2026
The hottest AI IPO of 2025 has lost more than half its value.
CoreWeave came public in April 2025, spiked to $175, and now trades near $80, down more than 50% from the peak. An Nvidia-backed rival just scrapped a $30 billion IPO entirely.
These neoclouds borrow heavily to buy… pic.twitter.com/MfsVg3yFHi
— Kurt S. Altrichter, CRPS® (@kurtsaltrichter) October 10, 2026
Nvidia earns a big profit whenever it sells a GPU. Whoever buys that chip, however, does not incur an immediate cost because the purchase is treated as capital spending. Thus, while aggregate cash flows do not change, reported earnings still rise. This has pushed up profits… pic.twitter.com/NffhE6DWqR
— Peter Berezin (@PeterBerezinBCA) October 11, 2026
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