CoreWeave director Jack Cogen just (https://www.sec.gov/Archives/edgar/data/1769628/000176962826000262/xslF345X06/form4.xml) on May 29 at $107–$109 — $29.1M in a single day. Innodata CEO Jack Abuhoff dumped $23.7M on the same day. NextPower President Wenger liquidated $102.9M. The pattern screams peak euphoria, but here's what nobody's asking: what does operating cash flow look like at these valuations?

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