Podcast: CoreWeave: The Beginning of the End for AI boom?

by Nucleus Wealth Team

October 21, 2026

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines whether CoreWeave could be the canary in the coal mine for the AI boom — as mounting debt, soaring borrowing costs, and questions over future returns put pressure on one of the industry’s key infrastructure providers. We unpack what its troubles reveal about the economics of the AI build-out, whether the billions being poured into data centres can deliver the returns investors expect, and if cracks in CoreWeave could signal a broader turning point for the AI trade.