CoreWeave

Jack Gamble calling CoreWeave a guaranteed zero is the part that sticks, but the debt math is what makes it land. Operating income doesn't cover what they already owe, borrowing costs keep climbing, and the only move… 더 보기

The detail that got me from Nobody Special's breakdown isn't the default number, it's the part where Fidelity and Magnetar Capital come up. Those two hold most of the secured debt that's collateralized by CoreWeave's… 더 보기

Firmus had an Nvidia-backed IPO and walked away from it because buyers wouldn't pay the ask. That's the moment I keep circling back to, since it sits right beside the debt side of the AI trade telling a completely… 더 보기

A $169 billion hole got punched into Nvidia's market cap off a single unaudited figure, and then a forecast walked it right back. That sequence tells you more about who actually runs this market than any earnings call… 더 보기