Jaden Schaefer

You know, they have to go service all of that debt.

So there is a lot of pressure there while they're building a lot of this AI infrastructure.

Their CEO is Michael Intrader, and he has repeatedly defended their model.

I mean, to be fair, $15 billion in revenue.

I mean, like, let's just say the most recent was 1.36.

And so probably a lot lower in the past, but he's probably projecting growth into the future.

So let's just say like five or six billion dollars on six, you know, on 18 billion dollars.

It doesn't take that many years for them to pay that off.

But you also have to know that they are growing rapidly.

They're scaling.

They're taking in, you know, like two billion dollars from video and they're going to probably go spend all of that or spend a big chunk of it on on servicing the debt and all of that.

So.

Their CEO has said that AI has forced companies to rethink traditional financing and also partnership structures.

He basically said, you know, there's no concerns about circular investment in the AI ecosystem.

He's pointed to what basically describes as a, quote, violent change in supply chain demand,

one that he said requires a lot of collaboration between chip makers, infrastructure providers, and a lot of these AI labs.

And so he's basically saying, if you want to remove the bottlenecks, this is the only way that you're going to be able to do it.

Their trajectory over the last few years, I think, just shows how quickly the AI market is reshaping itself.

CoreWeave, and for those that forget, right, CoreWeave actually originally was like a crypto mining company.

So they started really aggressively pivoting to AI infrastructure when the demand for GPU-based compute was just going through the roof.