CRWV 的资产负债表非常糟糕——资金缺口达 80 亿美元，无力偿付账单，其债券交易价格低于面值的 80 美分，Elon Musk 公开质疑其债务；破产是可能的，其状况不可持续，尽管 CEO 称市场是非理性的。
逐段跳播
然后你会因为收益率更高而更加担忧，担心 neoclouds 到底能不能承受这么高的收益率。昨天我们在看 core 的资产负债表，我们还专门做了一整期视频讲债务现在看起来有多糟糕。
而且你对 coreweave 这类公司有很多担忧，甚至到了 Elon Musk 现在都在发推的程度。
Then you get increased concern because yields are higher about whether or not neoclouds are actually going to be able to afford those higher yields. Yesterday we were looking at the core balance sheet and we did a whole video talking about how debt is not looking good right now.
Uh and you've got a lot of concern about companies like coreweave to even where uh Elon Musk is now tweeting.
比如 coreweave，甚至到了 Elon Musk 现在都在 X 上发推，针对 coreweave 的债务回了一个“yikes”，你知道，实际的债券价值现在正在断崖式下跌，交易价格已经跌破每美元 80 美分。
like Cororeweave to even where uh Elon Musk is now tweeting on X going yikes in response to Cororeweave's debt that uh you know the actual bond values are falling off a cliff over here now trading below 80 cents on the dollar.
现在，据 Bloomberg 报道，这家公司的 CEO 据称说了——你这里其实还有 Grock 做的一个不错的小总结——引述说：“当你在打造一种新型科技公司时，总会有一些时期市场会误解并做出非理性行为。”
你知道，这大概就是那种必须搬出 Elizabeth Holmes 梗的地方。是啊。当你在颠覆世界的时候。我模仿不了 Elizabeth Holmes 的口音。但不管怎样，我这么说的原因是，他接下来，你知道，这里的下一句是，他对商业模式、客户和执行质量表达了信心，并说“我们围绕所打造的财务引擎有着毫不松懈的纪律”。
Now, the CEO of the company, allegedly, per Bloomberg, which uh you've actually got Grock doing a nice little summary of over here, quoting, "When you are building a new type of technology company, there will be periods of time when markets misunderstand and act irrationally."
You know, this is kind of where like that Elizabeth Holmes meme has to come up. Yeah. When you're disrupting the world. I can't do an Elizabeth Holmes accent. But anyway, it's um the reason I say that is because he then you know the next line here is he expressed confidence in the business model, customers and execution quality and says the relentless discipline around the financial engine we have built.
好吧。问题是他们打造的那个财务引擎很烂。他们吹嘘自己有一个能支撑所有支出的订单储备，但他们的资产负债表很烂。他们差了 80 亿美元。他们没有支付账单所需的钱。Elon Musk 在 X 上说“yikes”一点也不奇怪。情况不好。
Okay. The problem is the financial engine that they have built sucks. They talk up that they have a backlog that could support all their spending, but their balance sheet sucks.
They're $8 billion short. They don't have the money that they need to pay their bills. It's no surprise that Elon Musk is saying yikes on X. It's not good.
那 coreweave 呢？它会破产吗？当然会。是啊。他们的资产负债表糟透了。
Now what about coreweave? Can it go bankrupt? Of course. Yeah. The their balance sheet is horrible.
然后当然，底层的这些 neoclouds 就像一些早期的小小警示信号，你知道 Cory 的情况是不可持续的，而且真的很糟糕，我们昨天还做了一期视频讲这个，你知道现在它已经跌了 10%。
我不觉得这有多令人意外，但也不只是他们，还有私人信贷市场正在发生的事。
And then of course the underlying neoclouds are just like little early little warning signs and you know Cory's situation is unsustainable and really bad and we made a video on it yesterday and you know now it's down 10%.
I don't think it's a horrible surprise but it's also not just them it's also what's going on in the private credit market.
这个频道对 $CRWV 的历次判断
Meet Kevin 在这只股票上共 8 条判断，这里只列相邻的几条。