“Violent change in supply demand.” That’s how Coreweave (CRWV) CEO Michael Intrator feels about what’s happening in the AI boom, cutting through tech’s loudest debate in 2025. The skeptics label today’s AI market as “circular,” arguing the flow of money between chip manufacturers, cloud providers, and AI startups as clear evidence of a bubble that’s feeding itself. Intrator feels that categorization misses the point entirely. Many see the current setup as financial engineering. In reality, it’s just lo ...