Brothers, CoreWeave learned a lesson over the past couple of days.
Third-quarter revenue was $3.66 billion, up 168%. It raised its full-year guidance, and the stock surged at one point. The next day, Jensen Huang resigned, and most of those gains disappeared.
Half its fate is in Nvidia’s hands. Nvidia supplies its chips, owns more than 10% of the company, and buys its excess computing capacity. With the boss gone, the market fears that support might disappear.
The balance sheet is even scarier: $46.9 billion in debt, $846 million in interest expenses in one quarter, and barely over $200 million in operating profit. Its AI infrastructure is built on borrowed money.
No matter how good the results are, one personnel change can wipe them out. The AI pillar isn’t as sturdy as it seems. Bitcoin has been following AI these past couple of days, at 71.6k. Still bearish.
Nvidia reports earnings on the 17th. I’ll let you all know as soon as I can. #CoreWeave营收增长168%股价涨10% $BTC
Third-quarter revenue was $3.66 billion, up 168%. It raised its full-year guidance, and the stock surged at one point. The next day, Jensen Huang resigned, and most of those gains disappeared.
Half its fate is in Nvidia’s hands. Nvidia supplies its chips, owns more than 10% of the company, and buys its excess computing capacity. With the boss gone, the market fears that support might disappear.
The balance sheet is even scarier: $46.9 billion in debt, $846 million in interest expenses in one quarter, and barely over $200 million in operating profit. Its AI infrastructure is built on borrowed money.
No matter how good the results are, one personnel change can wipe them out. The AI pillar isn’t as sturdy as it seems. Bitcoin has been following AI these past couple of days, at 71.6k. Still bearish.
Nvidia reports earnings on the 17th. I’ll let you all know as soon as I can. #CoreWeave营收增长168%股价涨10% $BTC
