CoreWeave CEO CNBC interview
by Tim Official: Nvidia
Wall Street just executed the same maneuver that escalated the 2008 housing crisis into a worldwide meltdown. They repackaged Nvidia graphics cards as bonds, rated them investment grade, and began selling them into the retirement funds that ordinary people depend on. Here is what happened
Transcript (en)
We have been scaling our business with the intention of holding that equity slow, holding those GPUs, because we believe that they are going to continue to be incredibly valuable when they come off these long contracts that pay back all of the debt we're taking on. And it's important to understand is the debt that we have is leaning into off-take contracts with the largest companies in the world, right? We run the GPUs, we will pay for the infrastructure, we will pay for the debt, we will pay for the interest, and we will make a profit. And then the GPUs become available for us to sell again. And we just think it's a wonderful business, and it will drive margins into the future.
