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An insightful breakdown of the CoreWeave situation.
This one is for the real finance sickos — what the increased cost of capital for CoreWeave means. Marc Rubenstein, a former hedgie, is fairly granular about CoreWeave’s loans, which is helpful for trying to understand this situation. I came away wondering if Nvidia, which I think is is functionally the central bank for the neoclouds, will decide to bail CoreWeave out, and if so, what that will look like.
Capital Wars
[Net Interest]
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