Fund reportedly exits CoreWeave and cuts AI exposure

The hosts recounted a statement by Amit on CNBC: the fund had sold all of its CoreWeave shares and held none at the time of the interview. He said the fund had reduced its exposure over the previous three months because it believed the AI market had overshot and was heading into a period of consolidation. The fund also reportedly moved 10% of its book into Meta and Tesla.

The hosts said declines in some AI stocks could reflect a rotation of capital rather than money leaving the market: they cited a Nasdaq decline of roughly 0.3–0.4% while the Dow was up almost 1%; in another comparison, the Nasdaq was nearly flat over five days. They suggested investors selling CoreWeave might be buying SaaS companies and other businesses with advertising revenue or strong margins. That was the hosts’ commentary on market dynamics, not evidence of specific purchases by investors generally.