Microslop CEO begging for AI $$$ because astronomical overprovisioning is becoming obvious, all big spenders frantically trying to hide the spend from their books like its Enron reloaded and Oracle is already getting sued by bondholders over AI spend [0].
To me CoreWeave is the one to watch. They have to actually bring all these promised datacenters online, operational, and profitable. They basically got a $2B bailout from Nividia a week or so ago but they're back to sinking.
thenaturalist•31m ago
Microslop CEO begging for AI $$$ because astronomical overprovisioning is becoming obvious, all big spenders frantically trying to hide the spend from their books like its Enron reloaded and Oracle is already getting sued by bondholders over AI spend [0].
It will be worse than the dot com bust.
0: https://www.reuters.com/sustainability/boards-policy-regulat...
joe_mamba•25m ago
And whose fault is that?
chasd00•13m ago
https://ts2.tech/en/coreweave-stock-slips-as-class-action-no...