$CRWV CoreWeave reported earnings and the numbers and print were solid. BUT, I just finished listening to the earnings call, and I donāt think Iāve been BULLISH enough on the AI buildout. Hereās why: First off the companies and backlog have started to branch out beyond hyperscalers and AI Labs. Caterpillar $CAT(heavy equipment), Bentley Systems $BSY(infrastucture engineering), Sunday Robotics(well robotics lol), Grammarly(yes, writing), and Isomorphic Labs(drug discovery). There isnāt an industry or sector that wonāt be influenced or using AI. This is just a start. Next, they crushed Burry and his āGPU depreciation scheduleā. The A100 GPUs are STILL being used and still holding and increasing pricing per GPU. The longer these chips stay in use the higher margins are going to be. The demand for chips is through the roof and customers are the evidence. Companies need inference. The GW pipeline has been on time and they added 500 MW in a single quarter. They now have 1.5 GW of active power (this is more than SpaceX $SPCX currently has). ARR is scaling and margins is expected to expand sequentially. And expecting 8GW of active power by 2030. While this is extremely bullish, there will still be extreme volatility in this sector as there is no consensus and many varying takes on how to value the buildout. Final take: CoreWeave has delivered. The AI buildout is scaling. Nebius tomorrow. $NBIS
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