Matt Miller

Yeah, exactly.

So AI servers, another company, Dell is also involved here, Hewlett Packard Enterprise.

Not many companies operate in this, but it is a key part of AI related infrastructure, which is why the company for a really long time was doing quite well.

It was seeing pretty dramatic growth.

It is one of NVIDIA's major customers.

And we saw the stock sort of react to that.

I think at one point it was the biggest ever component of a small cap index before it was finally moved into the S&P 500, just as a reflection of how quickly the company was growing and how much the stock was rising.

Now, all of this is really coming under question right now.

So while there is still a lot of optimism about the long-term story of AI infrastructure, here you have a company that has a lot of really unique challenges and risks associated with it, especially

especially relative to more familiar companies like Dell or HPE.

All right, Ryan, great to get your coverage.

Ryan Vlastelica covers tech companies for us out of the middle of America.

Coming up, CoreWeave shares are rising this morning as the NeoCloud company raises an $8.5 billion loan to help fuel its complete build-out.

We'll have details on the NeoCloud operator next.

This is Bloomberg Tech.

Let's take a look at Snap.

Why don't we?

Shares are jumping on the news that activist investor Irenic Capital Management has built a position in the company.

Sources saying Irenic is pushing for changes to improve financial and operating performance.

Bloomberg's Leanna Baker joins us now.