Yesterday I said the debt market had handed CoreWeave a terminal diagnosis (yields on its 2032 bonds topped 15%, while CDS priced in a 63% five-year default probability). Then this morning, Huang swooped into Stockholm to save the day: “This kid is getting stronger by the day, its financing costs are still coming down, and Nvidia doesn’t need to bail it out.” CRWV plunged as much as 8% intraday, then clawed its way back to close up 5.94%. Asia-Pacific AI stocks bounced back today too, and Bitcoin climbed from below 80,000 to around 82,000, with an even sharper gain. Pick one: Huang’s words were worth five points. Do you trust what he says, or the debt market’s 63%?