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← @jiahanjimliu

$CRWV

BULLISH2026-09-23
Price around the call
↑ 2026-09-23
By horizon✗ miss-38.9%
1d
✗ -3.4%
5d
✗ -1.3%
21d
✗ -38.9%
Original post
Jim Liu · 2026-09-23

$CRWV Breakdown by @SixSigmaCapital Solid work by SixSigma to breakdown $CRWV. He is a doctor turned finance expert. Likely still practices too. Bare Metal Dominates We see that IaaS + PaaS aka GPU & Cloud Infrastructure is 99% of CRWV's Q2 2026 Revenue while SaaS aka Managed Software Services is 1%. Most AI Natives including the Frontier Labs prefer either bare metal while some like orchestration on top too. Nvidia + Open SourceAI stack allows AI Natives to actually be AI companies and not wrapper App companies. Yes OpenSource is popular but customized and in house by AI Natives. Much of OpenSource shows up as IaaS + PaaS revenue because Mom and Pop startups that need managed inference are small in revenue. Profitability While CRWV has negative net and operating incomes, it's gross

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