In this episode of MacroMatrix, host Ethan dives deep into the CoreWeave IPO with guest analyst Tracy, unpacking the high-stakes story behind one of the most talked-about AI infrastructure plays of the year. From CoreWeave’s pivot from crypto mining to GPU cloud computing, to its eye-popping growth and heavy reliance on debt financing, we explore whether this company is riding the AI wave—or risking a fall reminiscent of WeWork. Tracy offers expert insight on CoreWeave’s financial structure, multi-billion-dollar contracts with giants like Microsoft and OpenAI, and the complex dynamics with Nvidia. We also cover key risks, including hardware obsolescence, contract mismatches, and concentrated customer exposure. If you're following the AI infrastructure boom—or eyeing the CoreWeave IPO—this is an essential listen.