CRWV has been an options play in Wallstreetbets for a few weeks. CoreWeave doesn’t make AI; they sell overpriced hardware and cloud services.
It was heavily shorted (because it’s dumb) and people were buying options anticipating a short squeeze. Hasn’t happened. They’ve moved on. More than a handful of these people don’t give any consideration at all to profitability.
It sometimes feels like denial in here.
CRWV has been an options play in Wallstreetbets for a few weeks. CoreWeave doesn’t make AI; they sell overpriced hardware and cloud services.
It was heavily shorted (because it’s dumb) and people were buying options anticipating a short squeeze. Hasn’t happened. They’ve moved on. More than a handful of these people don’t give any consideration at all to profitability.