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CoreWeave will be the moment AI resets.
Blain’s Morning Porridge – October 16th, 2026
“Markets are not smart or intelligent, but they are very efficient at converging on the wrong conclusions.”
It’s been a bad week in the AI markets. Suddenly folk are waking up to the growing gap between inflated expectations and disappointing revenues, and the risks which include competition. It’s a pattern that reoccurs repeatedly in markets. The name to watch will be CoreWeave – illustrating what can go wrong when blithe assumptions about fantabulous upside ignore the rules of financial commonsense. A default or troubling rescue is on the cards…
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