Tech CEO says AI investors have 'no clue' as CoreWeave plunges 60%

The CEO of a major tech company said AI investors have "no clue," as CoreWeave shares plunged over 60% from post-IPO highs and its bonds now yield 15%, signaling severe market doubts about solvency. The Philadelphia Semiconductor Index entered correction territory this week, while Gartner projects 80% of neocloud providers will disappear by 2030, citing a $4.9 trillion revenue shortfall versus required returns. Major AI infrastructure stocks like DOCN, HUT, NBIS, and IREN have also sold off sharply. The selloff raises questions about whether recent trading action is a sector rotation or the start of an AI bubble bursting, following negative headlines and warnings across the industry.