Downtown Josh Brown
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Appearances Over Time
Podcast Appearances
Last chart.
Not all hyperscaler balance sheets are created equal, guys.
So if you want to screenshot this and look at it, they're showing those names, plus they added CoreWeave and Nebius.
So those are considered neoclouds, right?
Like the newer data center companies.
And CoreWeave is a B+, according to S&P.
Oracle is now a BBB, which made a lot of news.
Google is the only AA+.
Meta is still a AA-, maybe not forever.
Microsoft is still AAA, remarkable.
Amazon, AA.
Net debt to last 12 months EBITDA at Oracle is 4x.
Is the market saying it's too much if Google and Amazon are still going up?
I said for Oracle.
For Oracle, it's too much.
I don't know.
I really don't know what it would take for Oracle to get back to its high.
It looks more like four-weave than it looks like the others.
You're 100% right.
And S&P has already reflected that in its rating.