Andy Constan(@dampedspring):The capex needs to be financed at that process has bumps. Recently the two $NVDA big off balance sheet credit guarantees (open AI and data center CDO) have been examples of bumps and the road is rocky ahead. That said paying 83bp a year or 4.15% over the contract life for protection for an NVDA Default in the next 5 years seems stupidly high imho

Andy Constan

@dampedspring

macro & beta @2Graybeards for beta. Both for investor education, Brevan Howard, Bridgewater, Salomon, Dad of 4. Go Penn, No tweet is advice

参加 June 2013

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Andy Constan@dampedspring

2026.08.19 11:37

The capex needs to be financed at that process has bumps. Recently the two $NVDA big off balance sheet credit guarantees (open AI and data center CDO) have been examples of bumps and the road is rocky ahead. That said paying 83bp a year or 4.15% over the contract life for protection for an NVDA Default in the next 5 years seems stupidly high imho