Matt Miller
speaker
2,275 appearances
66 recordings
6 series
first heard Oct 2024
last heard 10 Sep
Matt Miller’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 63 in all, peaking in Aug 2026 with 17.
Appearances
So I look at, you know, again, the market cap here, it's a $40 billion company, but they have $23 billion in debt on the DDIS page, and I assume that's not including something like this because, as you said, it's an SPV.
Yeah, the structures are interesting, and when you talk to investors, if you're talking to private debt buyers, they love this because, okay, you're actually backing an individual product that is investment-grade, according to Moody's, that is backed by a contract with Meta.
If you talk to equity investors on the public side, to your point,
It's a bit more of a complex picture, and that's why we've seen elevated short interest.
We've seen wild swings with this stock going back to when it went public last year during, call it the tariff issues.
And really, when you look at kind of the under-the-surface performance of this company, it is betting that they are going to dominate the space of acquiring NVIDIA chips, building out those data centers, and helping lease compute to hyperscalers.
It's a bold strategy that so far, again, we're really only in the early innings of that story playing out.
Yeah, I mean, this is a stock that has doubled in the past 12 months, Bailey, and almost all of that came in the first couple of months after Liberation Day.
Since then, the stock has been on a steady decline, so the chart doesn't look as impressive as it sounds.
No, not as impressive as it sounds.
And if you compare its one-year performance to its main publicly traded peer, and that's Nebius, it's actually underperforming the other neocloud rival.
Again, this is a story that from an investing standpoint has so many different parties participating.
So yes, you look at the stock performance.
Again, that's only the public equity side of this story.
So even when you talk to, as I do, investors who operate in both the private and public space,
It's a bit more of a complex and, again, debated story from a public equity perspective, but we continue to see the company finding willing investors to help back its credit and willing consumers in the likes of Amedda to sign some of these contracts because there are trillions of dollars at risk.
Yeah.
CoreWeave shares up 98.5% in the past 12 months.
Nebius up 360%.
Bloomberg's Bailey Lipschultz covers the markets for us.
Showing 841–860 of 2,275 · page 43 of 114
← Previous
Next →