In CoreWeave’s lackluster IPO, some see signs of a looming AI bust. But CoreWeave’s problems are mostly about CoreWeave

It’s easy to interpret CoreWeave’s lackluster IPO and muted first day of trading on Friday as bad news for the entire AI boom. But, as I’ll explain in a moment, that’s likely a mistake: many of CoreWeave’s problems are unique to CoreWeave.

First, you can see why some people might see CoreWeave as a proxy for AI as a whole. The New Jersey-based company’s entire business is running data centers full of the specialized Nvidia chips that customers need to run their AI workloads….