CoreWeave has taken on more than $51 billion of debt and obligations, its bonds yield near 15%, and S&P rates it B+, CNBC reported. Nscale reported a $1.02 billion first-half loss on $140.6 million of revenue and a $103 billion backlog that may not convert to recognized revenue.
Our position: AI infrastructure companies should disclose contract terms, customer concentration and how backlog converts to revenue in plain language. Retail and institutional investors cannot price risk they cannot see.
This editorial reflects the view of AI Business Watch.
Source: CNBC