T3 Live on $CRWV (Nov 5, 2026)

You know, you the CDS is on uh Core Wever are over 15% now and rising.

I'm glad you brought up Cororeweave because Cororeweave reports earnings next week. So does uh Nebus um which are you know two of the stinkers.

And it it it almost feels like destiny that people want these companies especially Cororeweave to sort of be the sacrificial lamps. Yeah. I mean Cororeweave and Nebas are I think a little bit of different boat uh in in terms of companies and financials.

My real concern is Cororee. Uh Cororee uh is overleveraged to the hilt. uh they're estimating $3.5 billion dollars uh of revenue. Uh it's a year-over-year increase of 159 uh uh of 159%.

Uh but they're they're li it comes nowhere close to their balance sheet in terms of the liabilities. Uh they're enormous and they and they still must uh continue to borrow. So, their total total liability spend right now around 72 billion if I remember correctly.

Um, and in terms of total debt, they've got, listen, 51 billion in debt. Uh, and that's long-term loans, convertible loans, and bonds. Um, stockholder equity is 5 billion. Okay.

Total assets 77 billion. What is wrong with this picture? and they have to continue to borrow to survive. Um, this is these are scary kind of bubble stories in the making. You know what I mean?

Okay. But do you do you think this should I I was actually bringing up core weave to check. Yeah. Actually, it does have 52 51 billion in debt. But I mean, do you think a coreweave mess creates contagion throughout the AI the AI landscape?