Bridgewater Invests in AI Infrastructure Despite Dalio's Caution

Bridgewater Associates, despite founder Ray Dalios cautions, has invested in CoreWeave, an AI infrastructure company with strong ties to Nvidia. CoreWeaves third-quarter revenue surged, but annual guidance fell short, causing a stock dip due to construction delays. CoreWeave rents Nvidia chips to major cloud providers and has secured massive contracts. Analysts predict significant revenue growth and profitability by 2028.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.