Paul Meeks sees a triple in CoreWeave.
A triple is a baseball term. It means a man hits the ball, runs three bases, and then stands there waiting for someone to drive him home. That someone is you, the retail trader, holding a margin call.
The stock has been sold off hard. Debt worries are piling up. Everyone is heading for the exits. Meeks is walking the other way, holding a sandwich and a spreadsheet.
Contrarians are fun. They are right just often enough to ruin everyone's judgment. A broken clock is right twice a day, and it also has a podcast.
His thesis is that AI infrastructure demand is surging. Fine. Demand for umbrellas surges in a hurricane. That does not make the umbrella company a good investment. It makes it an umbrella company in a hurricane.
CoreWeave rents out computing power to AI companies. It borrows heavily to buy the chips first. The chips get old. The loans do not. That is the whole business, and I have drawn it on a napkin so you can feel included.
The chart does not care about Meeks. The chart does not care about debt. The chart does not care about you, and frankly, that is the healthiest relationship you have.
Retail traders will read this headline and see permission. They will buy the dip, then the dip's dip, then the dip's dip's dip. By Friday they will own a stock named after a weaving tool and a cousin's opinion.
A triple requires three bases. You have not made it past the parking lot.
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