Cracking AI trade has Wall Street looking for a hedge. An ex-Citadel quant may have the answer

As CoreWeave shares plummet, taking much of the AI complex with it, investors face a simple question: what's the best way to hedge AI risk? An ex-Citadel quant might have the answer. Jasper Zhang is an ex-Citadel Securities quantitative researcher who now leads Hyperbolic. It's a 50-person financial technology startup building a spot marketplace for tradable GPU computing power, a tool that would allow traders to hedge against a decline in AI demand. The platform allows investors to buy and sell GPU clusters, the units that power AI compute.