Host of the Asymmetric Investing YouTube channel, producing equity research and analysis on technology companies and AI infrastructure trends.
no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY
Oracle is funding a massive AI infrastructure buildout with debt and equity issuance while capex exceeds revenue and free cash flow is negative. Rising interest rates on its debt — outpacing Treasury moves by 2x — threaten a downward spiral where higher financing costs and a falling stock price compound, making profitable returns on the investment unlikely.
CoreWeave's 2032 debt, issued in June, has seen its yield rise three full percentage points to ~12.5% in just three months, signaling that markets are demanding much higher compensation to finance neocloud AI infrastructure, threatening long-term project profitability.