An address transferred 11.51 million DOGE to a burn address, worth $1.86 million

Citadel Securities warns that the stock market selloff indicates investors' patience for AI returns is waning, and high interest rates are making infrastructure investment returns more pressing. AI capital expenditure has become a double-edged sword. Combined pressures from fiscal policy, tariffs, energy, and geopolitics are putting the Federal Reserve in a dilemma. The report states that risks have long been masked by the AI and growth narrative, and the market’s tolerance for error is now extremely limited.

Seawolf Capital, founded by three traders who inspired "The Big Short," has established a short position on CoreWeave, citing concerns over high capital consumption, the uncertain economic lifespan of GPUs, and the expansion of competing chip supplies, which pose risks to CoreWeave’s business model. More critically, CoreWeave will require continuous financing of tens of billions of dollars in the future, and if financing costs rise or access to capital is hindered, its operations will become unsustainable. This short position is not a bet against the AI industry itself, but rather on CoreWeave’s ability to secure financing and manage capital costs.