Gerstner dumps entire CoreWeave stake, moves 10% of book into Meta and Tesla on AI overshoot
SumitGup · x · 2026-10-16
Hedge fund manager Gerstner says he has sold his entire CoreWeave ($CRWV) position and taken down AI exposure over the past three months, arguing AI had 'overshot' and would enter a period of consolidation.
He has moved 10% of his book into Meta and Tesla. Quoted context: Jensen Huang previously said NVIDIA doesn't need to backstop CoreWeave and that its cost of capital is 'actually decreasing' — a notable contrast to Gerstner's exit.
Related event: Altimeter's Gerstner Dumps CoreWeave, Shifts to Meta and Tesla(2 posts)→
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