$25 billion AI startup is a red hot property but blogger that predicted the rise of DeepSeek thinks it could be the next WeWork

• Jeffrey Emanuel called Nvidia overvalued and warned of DeepSeek’s rise
• His essay went viral, triggering record market losses and investor panic
• Now he’s targeting CoreWeave, calling it a turkey and the “WeWork of AI”

Towards the end of January 2025, Jeffrey Emanuel, Founder and CEO of Pastel Network, wrote an interesting and insightful essay about Nvidia.

More specifically, he discussed what he saw as its overvaluation and the threat it faced from a small Chinese startup called DeepSeek. noting, “history shows that markets eventually find a way around artificial bottlenecks that generate super-normal profits,” and that, “Nvidia faces a much rockier path to maintaining its current growth trajectory and margins than its valuation implies.”