Rohan Paul (@rohanpaul_ai)T2·Infra
58 pts
Chamath Palihapitiya argues on the All-In Podcast that credit default swap spreads on neoclouds such as CoreWeave have widened sharply. The mechanism is rising US interest rates colliding with a heavily leveraged, capital-intensive model that sells compute capacity at fixed prices, so widening spreads signal markets repricing refinancing and solvency risk.