P Equity Research 📰(@pequityresearch):Bernstein: Neocloud deals typically require credit backing—like cash upfront, bank guarantees, or AI chip partner support—though lenders now accept partial coverage, such as ~80% of construction debt, instead of full guarantees. Over time, this protection diminishes as guarantees amortize linearly, prompting guarantors to demand step-in rights to secure data center space and power if needed. $NBIS $CRWV $IREN

P Equity Research 📰

@pequityresearch

Research 📃 & News 🗞️ | Semis & Tech | Research/Expert Calls: | Groupchat/Expert Calls:

参加 April 2023

962 フォロー中 68.4K ファン

P Equity Research 📰@pequityresearch

2026.10.31 19:07

Bernstein: Neocloud deals typically require credit backing—like cash upfront, bank guarantees, or AI chip partner support—though lenders now accept partial coverage, such as ~80% of construction debt, instead of full guarantees. Over time, this protection diminishes as guarantees amortize linearly, prompting guarantors to demand step-in rights to secure data center space and power if needed. $NBIS $CRWV $IREN