CoreWeave’s Worst-Ever Week Shows AI Traders Are Getting Picky

Group 1: Market Trends - The market is becoming more selective regarding beneficiaries of AI infrastructure investments, with a focus on companies with strong cash flow [1][4] - Spending from major technology companies like Microsoft, Amazon, Alphabet, and Meta is projected to rise 34% to approximately $440 billion over the next 12 months [5] Group 2: Company Performance - CoreWeave Inc., a provider of computing services, saw its shares drop 26% last week, following a 22% decline the previous week, despite a 400% rise from an April low to June [2] - Micron Technology Inc. is projected to see profits more than double this year due to high demand for its memory chips, with shares up 190% for the year and hitting a record high last week [3] - Oracle Corp. experienced a 36% stock increase after projecting significant growth in its cloud-computing division, but shares have since fallen 33% due to concerns over debt-funded obligations and negative cash flow projections [6][7]