"This model we have seen before!" Big Short trader explains: Why short AI newcomer CoreWeave
Seawolf Capital, founded by the three original traders from "The Big Short," has established a short position in CoreWeave, believing that its high capital consumption, uncertain GPU economic lifespan, and competitive chip supply expansion pose risks to its business model. More critically, CoreWeave will need to secure hundreds of billions of dollars in continuous financing in the future; if financing costs rise or capital acquisition is hindered, the business will struggle to survive. This short position does not reflect a bearish outlook on the AI industry but rather bets on its financing capabilities and capital costs.
