We are Only 'Third Inning Relative to this AI Game,' Says Dan Ives
Source: Bloomberg Markets and Finance
Article summary
Three CoreWeave Inc. co-founders have sold $3.3 billion in company shares since last year's initial public offering, taking money off the table as rising credit risks and investor wariness around AI spending spark volatility in the stock. Dan Ives, Partner at Yorkville & Ives, discusses volatility relative to the AI trade and the outlook for stocks like Coreweave and Apple in particular.
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