Why CoreWeave’s Stock Surge Might Surprise the Doubters

The most dangerous game in artificial intelligence investing right now is CoreWeave. 

Retail traders have helped bid up its stock price by 277% since its lackluster initial public offering, powering its market valuation from $23 billion to a remarkable $72 billion in two months. “It’s the most incredible thing I’ve ever seen,” one hedge fund manager told me. “It’s coming to an end. I just don’t know when.”