Per Ed Zitron, CoreWeave may be the canary in the ai bubble coal mine.

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[–] 4 points 1 year ago*

Not this year. CoreWave is literally Microsoft outsourcing hardware if you read their s1.

For the years ended December 31, 2023 and 2024, our largest customer was Microsoft, which accounted for 35% and 62% of our revenue, respectively

https://www.sec.gov/Archives/edgar/data/1769628/000119312525044231/d899798ds1.htm

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