CEO da CoreWeave Revela: Demanda por IA Está Esmagadora e Continua Crescendo em Setores como Empresarial, Governo e Laboratórios de IA

A sede insaciável por poder de computação de IA está atingindo níveis sem precedentes—e ninguém parece preparado para o tsunami.

Setores em Colapso

Empresas, governos e laboratórios de pesquisa estão todos disputando os mesmos recursos escassos de GPU. A CoreWeave mal consegue atender à demanda atual, muito menos a futura.

O Efeito Dominó Financeiro

Enquanto isso, os tradicionais do mercado financeiro ainda tentam entender blockchain—quem dirá inteligência artificial descentralizada. Os mesmos que duvidaram de Bitcoin a US$ 100 agora correm para não ficar para trás nesta revolução.

O futuro chegou mais rápido—e mais faminto—do que qualquer previsão otimista do Wall Street jamais imaginou.

CoreWeave’s losses mount as spending grows

With the IPO lockup expiring in mid-August, insiders began selling off shares. Investors are still questioning how much more debt CoreWeave can take on. Analysts project the company might raise billions more in debt before the year is over.

Michael doesn’t seem worried. He believes borrowing is the best way to fund the company’s growth. But not everyone agrees. JPMorgan analyst Mark Murphy said, “Net-net, there could be a wide range of outcomes for CoreWeave.

For this reason, we expect the stock to provide a wild, lumpy, volatile ride, requiring a risk tolerance that may not exist for most investors.” Mark also warned that if the economy weakens, CoreWeave could be hit harder than most because of its debt exposure. He believes the market is only focusing on the negative side right now.

UBS targets Alibaba and Tencent in China’s AI race

While CoreWeave is racing to meet demand in the U.S., UBS is tracking where China’s AI growth is heading. In a report released earlier this month, Eva Lee and her team at UBS said Chinese companies that moved early on generative AI are starting to pull away from the pack. Eva wrote, “We favor AI-driven and alpha growth names with strong execution.”

Based on second-quarter earnings, UBS is backing Alibaba and Tencent. Alibaba’s stock in the U.S. is up 83% so far in 2025. Tencent’s shares in Hong Kong have gained over 54%.

That performance beats other Chinese tech players like Baidu, which is up 36%, JD.com, which is down 3%, and Meituan, which is down over 36% in Hong Kong this year.

UBS called Alibaba the “largest AI enabler in China with full-stack AI cloud infrastructure.” For Tencent, the edge is in AI-powered gaming and advertising, with potential future profits coming from AI agents.

Eva’s team said, “In the past quarter, we observed that China internet companies have reaped tangible AI benefits.” They highlighted that company earnings and leadership outlooks have both improved, especially in ads and games.

The report also looked at U.S. chip restrictions and found they haven’t slowed down China’s top players. “Chip restrictions have not emerged as a major concern,” UBS said. The companies say they’ve got enough chips for AI training, and they’ve been improving software to get better performance out of what they already have.

Eva and her analysts also said Alibaba and Tencent are reducing their reliance on imported chips by switching to other options for inference. And they’re spending more to stay ahead.

In Q2, Tencent doubled its AI-related capital expenses year-over-year to 19.1 billion yuan. Alibaba increased its AI spending by over 50% compared to its average from the past four quarters.

Still, both companies have other priorities outside AI. Alibaba has been throwing heavy subsidies into instant delivery to compete with JD.com and Meituan. Meanwhile, Tencent is still dealing with uncertainty from China’s gaming regulators, even though rules have eased slightly since the last crackdown.

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