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

加入 June 2013

473 正在關注 567K 粉絲

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