Asymmetric Investing by Travis Hoium发布 2026-09-29
《Risk Warning: 5 Stocks to Sell Before It's Too Late》
$CRWV看跌
CRWV的高杠杆与负自由现金流带来债务市场关闭的风险，从而阻碍其盈利性的AI扩张。
另一家属于同一类别的公司是Korwef。你可能会注意到，这些公司在人工智能领域被排在第二梯队；它们不是那种产生数千亿美元经营性现金流的巨头公司。
Another company that falls under the same category is Korwef. You may notice that these companies are ranked in the second tier in the field of artificial intelligence; they are not giant companies that generate hundreds of billions of dollars in operating cash flow.
诚然，它的自由现金流可能有些为负，但它能够通过经营性现金流为其大部分项目提供资金。就Oracle和CoreWave而言，我们谈论的是将不得不借债的公司。
It is true that its free cash flows may be somewhat negative, but it is able to finance most of its projects through operating cash flows. With Oracle and CoreWave, we are talking about companies that will have to borrow.
他说在等