The fund's AI holdings are now at the lowest levels they have been in 3 years, Gerstner told the network. This liquidation has drawn criticism from market observers who note a disconnect between the fund's actual trading activity and Gerstner's continued public promotion of AI technologies.
Tuesday, October 20, 2026
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Altimeter Exits All CoreWeave Stakes for 3 Year Low in AI Exposure
US Markets5 days ago
Brad Gerstner has stripped Altimeter Capital of its entire position in CoreWeave after concluding that artificial intelligence valuations have overshot their reasonable limit. During a CNBC appearance, Gerstner stated the firm has reduced overall AI exposure over the past 3 months, rotating 10% of the fund's book into Meta and Tesla. The exit follows an August 14 filing showing Altimeter held 6 million CoreWeave shares as of June 30, including 1.5 million shares added during the second quarter.
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