CNBC's "Fast Money" Coreweave Reports Results… And A Would Your Rather Retail Edition 11/10/25
Nov 10, 2025
David Zervos, Jefferies chief market strategist and CNBC contributor, joins to discuss the current market landscape. He offers insights on the rebound in tech stocks as the government shutdown nears an end. Zervos highlights labor market concerns and its potential effects on policy and the broader economy. The podcast also features a lively 'Would You Rather' segment with Walmart and Target, where traders weigh options heading into the holiday season amidst competitive pressures.
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CoreWeave Backlog Vs Execution Risk
- CoreWeave reported a $55B contracted backlog but missed some margin expectations, tempering enthusiasm.
- Supply-chain and power-shell bottlenecks, not absolute power, are the immediate execution risk for growth.
Power Bottlenecks Shape AI Build-Out
- Hyperscaler capex and power constraints create a network of winners and losers across suppliers.
- Power availability and infrastructure, not just chips, will limit how fast compute can be deployed.
AI CapEx Drives Concentration And Disruption
- Massive AI-driven capex is boosting returns on capital but also concentrating gains among a few firms.
- That concentration risks creative destruction of many jobs even as productivity rises.