CoreWeave Is A 'Debt-Fueled GPU Rental Business,' Says Kerrisdale, Shorting CRWV Amid Criticisms Of Valuation-Boosting 'Circle Jerk' With Nvidia - CoreWeave (NASDAQ:CRWV)

Kerrisdale Capital has revealed a short position against CoreWeave Inc. CRWV, labeling the AI infrastructure firm a “debt fueled GPU rental business with no moat” and setting a price target that implies 90% downside from its current valuation. Kerrisdale Pegs CRWV’s Stock Price At $10 Per ShareThe short-selling firm calls CoreWeave the “poster child of the AI infrastructure bubble,” arguing its explosive growth is built on hype rather than sustainable innovation.The report asserts that CoreWeave lacks any p ...