CoreWeave, not SK hynix, was the AI selloff's outlier
SK hynix fell 24% while memory contract prices held. In a rationed chip chain, the doubt hit the borrowers' credit, not the orders.
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One long read on macro and markets every Saturday, with the charts from our engine. Published in full here and on Substack.
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OpenAI's revenue scare stuck only where the contract did
OpenAI's $50bn revenue scare was partly accounting. Its training pause was not, and who pays for idle AI capacity depends on one unpublished clause.
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