Tech blogger and former crypto executive Jeffrey Emanuel is now sounding the alarm on New Jersey-based AI company CoreWeave Inc.’s $25 billion initial public offering (IPO). Emanuel, who previously called attention to DeepSeek’s potential risks for Nvidia Corp., claims that CoreWeave’s valuation is excessive.
Emanuel’s warning comes after he had a significant impact on the market when he first spoke out about DeepSeek. His prediction shaved off $600 billion from Nvidia’s market capitalization in just one day, catching the attention of prominent thinkers on Wall Street and Silicon Valley.
Now, Emanuel is hoping his words will be taken seriously again as CoreWeave prepares to go public. The company’s valuation has raised concerns among investors and analysts, who are weighing whether the IPO is a buying opportunity or a potential trap.
Source: https://www.marketwatch.com/story/the-blogger-who-was-right-about-nvidia-is-now-panning-a-25-billion-ai-company-52648608