RiskReversal Pod Violent Rotations Brewing Under The Surface + He Said, She Said Live from Miami
Mar 2, 2026
They dig into stress across AI infrastructure and finance, spotlighting CoreWeave’s post-earnings tumble and funding strains. They contrast Nvidia’s strong results with stock inertia and watch Broadcom as an AI bellwether. Conversation jumps to software multiple compression, rising VIX spikes, consumer credit warning signs, crude’s geopolitical rebound, Bitcoin weakness pressuring MicroStrategy, and private credit hiccups felt by alts.
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CoreWeave As The First Casualty Of AI Infra
- CoreWeave epitomizes AI-infra risk because it rents NVIDIA GPUs and faces extreme customer concentration, heavy debt, and impaired liquidity after a weak quarter.
- Jim Chanos warned CoreWeave loses money even with long GPU useful lives and has a quick ratio of 0.38, signaling potential distress if CapEx slows.
NVIDIA Earnings Large But Market Has Already Priced Growth
- NVIDIA reported massive growth and 75% gross margins with a fiscal-year revenue guide from $72bn to $79bn, yet the stock barely moved since July.
- Guy and Dan note investors are pricing in saturation: huge absolute numbers but shrinking percentage beats reduce appetite for higher multiples.
Broadcom As The AI Competition Barometer
- Broadcom may be a better AI barometer than NVIDIA because customers seek second-source chips, and Broadcom sits deep in the infrastructure stack.
- The market has priced Broadcom sideways since mid‑2025, so its next print will reveal whether re‑rating or compression continues.
