Seawolf Capital Shorts CoreWeave, Says GPU Cloud Needs Tens of Billions in New Funding

Seawolf's short is less a bet on CoreWeave specifically than a challenge to the entire GPU-cloud premise: that rented compute behaves like long-lived infrastructure. The argument hinges on depreciation economics, not demand, which is why it matters beyond one company — it questions how lenders and lessors underwrite chip-backed assets across the sector. The 'Big Short' pedigree will amplify the signal even if the thesis is early. Watch whether CoreWeave's funding access tightens and whether other GPU-cloud operators face similar scrutiny over asset-life assumptions.