$Coreweave(CRWV.US)

Context: let's analyze some of the casualties of last week's AI rout. Nasdaq Composite dropped by 4.5% from the record high just 1 week ago and The PHLX Semiconductor Index (SOX) was worst, falling 11.4% for the same duration. Dell drop ~22% after Barclays downgraded it from Overweight to Equal-Weight and Coreweave the owner of AI datacenters which uses a lot of GPU lost ~25% due to high cost in repaying its debt, both happened last week.

My trade: stay put, but i won't open any new position

Takeaway: Is there light in the tunnel? Yes, if you believe in Jensen Huang who was being interviewed by Bloomberg in Berlin last week, he just brushed this market correction aside asking people to concentrate on the fundamentals instead $NVIDIA(NVDA.US)$Intel(INTC.US)$Netflix(NFLX.US) .