Nick & Jack

You may not have dined there, but we bet you've seen one of their Hard Rock Cafe t-shirts sometime recently. Because get this, in the 90s, Hard Rock Cafe opened merch shops even when there wasn't a restaurant there. Because just like SoulCycle mentioned 10 years ago, merch was their best profit opportunity. So SoulCycle is following in the footsteps of the Hard Rock Cafe.

You may not have dined there, but we bet you've seen one of their Hard Rock Cafe t-shirts sometime recently. Because get this, in the 90s, Hard Rock Cafe opened merch shops even when there wasn't a restaurant there. Because just like SoulCycle mentioned 10 years ago, merch was their best profit opportunity. So SoulCycle is following in the footsteps of the Hard Rock Cafe.

SoulCycle says their profit margins on spitting are about 30%. But we bet their profit margins on $100 leggings are way higher. So SoulCycle is launching a fashion chain because da merch is where da margin is. Now, a quick word from our sponsor.

SoulCycle says their profit margins on spitting are about 30%. But we bet their profit margins on $100 leggings are way higher. So SoulCycle is launching a fashion chain because da merch is where da margin is. Now, a quick word from our sponsor.

SoulCycle says their profit margins on spitting are about 30%. But we bet their profit margins on $100 leggings are way higher. So SoulCycle is launching a fashion chain because da merch is where da margin is. Now, a quick word from our sponsor.

For our third and final story, CoreWeave is the biggest tech IPO in four years. The first IPO of any artificial intelligence company. Everyone's excited. But CoreWeave was as big a bust on Wall Street as Snow White was in theaters. Yeti's New Jersey-based Corweave. They just took the Lincoln Tunnel, paid a $50 toll probably, into Manhattan and last week did their IPO.

For our third and final story, CoreWeave is the biggest tech IPO in four years. The first IPO of any artificial intelligence company. Everyone's excited. But CoreWeave was as big a bust on Wall Street as Snow White was in theaters. Yeti's New Jersey-based Corweave. They just took the Lincoln Tunnel, paid a $50 toll probably, into Manhattan and last week did their IPO.

For our third and final story, CoreWeave is the biggest tech IPO in four years. The first IPO of any artificial intelligence company. Everyone's excited. But CoreWeave was as big a bust on Wall Street as Snow White was in theaters. Yeti's New Jersey-based Corweave. They just took the Lincoln Tunnel, paid a $50 toll probably, into Manhattan and last week did their IPO.

The Corweave IPO was the biggest tech IPO since 2021. Yeah. And the first pure play AI company to go public on the stock market. Thrilling, exciting. Even Sam Altman was freaking out. Investors, they were so excited to cash in on all the AI hype right now. And the executives had probably already bought a second home in the Hamptons. Yeah. Expecting a bonanza of an IPO.

The Corweave IPO was the biggest tech IPO since 2021. Yeah. And the first pure play AI company to go public on the stock market. Thrilling, exciting. Even Sam Altman was freaking out. Investors, they were so excited to cash in on all the AI hype right now. And the executives had probably already bought a second home in the Hamptons. Yeah. Expecting a bonanza of an IPO.

The Corweave IPO was the biggest tech IPO since 2021. Yeah. And the first pure play AI company to go public on the stock market. Thrilling, exciting. Even Sam Altman was freaking out. Investors, they were so excited to cash in on all the AI hype right now. And the executives had probably already bought a second home in the Hamptons. Yeah. Expecting a bonanza of an IPO.

Put the second home on my third yacht. But the results wasn't a bonanza. The IPO was a huge disappointment. Now, besties, before we dive in T-boy style and hit the numbers, we should explain what exactly is CoreWeave? CoreWeave rents compute out to tech companies that don't have enough. 2024 was the year that compute went from being a verb to a noun.

Put the second home on my third yacht. But the results wasn't a bonanza. The IPO was a huge disappointment. Now, besties, before we dive in T-boy style and hit the numbers, we should explain what exactly is CoreWeave? CoreWeave rents compute out to tech companies that don't have enough. 2024 was the year that compute went from being a verb to a noun.

Put the second home on my third yacht. But the results wasn't a bonanza. The IPO was a huge disappointment. Now, besties, before we dive in T-boy style and hit the numbers, we should explain what exactly is CoreWeave? CoreWeave rents compute out to tech companies that don't have enough. 2024 was the year that compute went from being a verb to a noun.

Compute as a noun is the number of NVIDIA processors you have. Like when a tech company offers AI to customers, it needs compute. AI runs on compute. So when tech companies don't have enough compute, they rent GPUs temporarily from Corweave. Yeah, they're renting computer chips from Corweave. Corweave is basically like the enterprise chip rental of the AI industry.

Compute as a noun is the number of NVIDIA processors you have. Like when a tech company offers AI to customers, it needs compute. AI runs on compute. So when tech companies don't have enough compute, they rent GPUs temporarily from Corweave. Yeah, they're renting computer chips from Corweave. Corweave is basically like the enterprise chip rental of the AI industry.

Compute as a noun is the number of NVIDIA processors you have. Like when a tech company offers AI to customers, it needs compute. AI runs on compute. So when tech companies don't have enough compute, they rent GPUs temporarily from Corweave. Yeah, they're renting computer chips from Corweave. Corweave is basically like the enterprise chip rental of the AI industry.

And get this, nearly two-thirds of its revenue last year came from just one company. Microsoft. Oh, and Jack, I got a bigger issue for you here. You ready? CoreWeave took off in 2023 when there was a huge shortage of AI chips. So like everyone needed CoreWeave. But that shortage has gone away. So the price that CoreWeave can charge for rent for their compute, it's down by 70% since 2023.

And get this, nearly two-thirds of its revenue last year came from just one company. Microsoft. Oh, and Jack, I got a bigger issue for you here. You ready? CoreWeave took off in 2023 when there was a huge shortage of AI chips. So like everyone needed CoreWeave. But that shortage has gone away. So the price that CoreWeave can charge for rent for their compute, it's down by 70% since 2023.

And get this, nearly two-thirds of its revenue last year came from just one company. Microsoft. Oh, and Jack, I got a bigger issue for you here. You ready? CoreWeave took off in 2023 when there was a huge shortage of AI chips. So like everyone needed CoreWeave. But that shortage has gone away. So the price that CoreWeave can charge for rent for their compute, it's down by 70% since 2023.