The bursting of the generative AI bubble led to a sharp decline in the shares of CoreWeave and Oracle.
The initial enthusiasm for generative AI is now cooling down. Large investors and funds have rapidly stopped buying into companies whose valuations were inflated solely by the “AI narrative,” and when companies’ recent figures or spending estimates failed to meet expectations, a sharp sell-off ensued. This effect was seen in companies like CoreWeave and Oracle. … Read more
