Coreweave is down 50% with all reports pointing to bankruptcy.
replyYeah. But I suspect this is about the difficulty in actually getting data centres built, more than it is that demand is radically overstated (which I suspect it is).
replyIt's about the debt the companies took and the cash they need to maintain it. The debt will be written down before they can pay.
replyThese companies are rent-seeking landlords for the providers themselves. Which model they serve has no fundamental bearing on the business, the cost of the rent they can charge does.