Volta
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Headlines · 2
- AI's Real Bottleneck Is Capital, Not Power or Chips, Goldman Warns
CoreWeave shares fell more than 15% on Oct 14, with its $2.75 billion unsecured bond trading below 80 cents on the dollar and five-year credit default swaps at 881 basis points, according to a 36Kr repost of Wall Street CN Max; Oracle, Dell and several data-center names fell sharply the same day. Goldman Sachs estimates hyperscaler capital spending will reach $1.2 trillion next year against roughly $1.1 trillion in operating cash flow, forcing at least 35% of buildout spending — over $400 billion — to be debt-funded, while the 10-year Treasury yield briefly topped 5.3% and AI issuance competes with a near-$2 trillion US fiscal deficit for long-dated money. Broadcom CEO Hock Tan and Intel CEO Lip-Bu Tan said capital and its cost are the biggest constraint, and Goldman warned of a possible semiconductor supply-chain "air pocket" in 2027–2028 if credit tightening delays projects.
36氪 人工智能 · 🔥 4 - JPMorgan, Goldman lead $5B loan sale for AI startup Volta, underwriting just $1.3B
Citing people familiar with the matter, Bloomberg reports that JPMorgan Chase and Goldman Sachs are leading a $5 billion loan sale for AI startup Volta at a yield of roughly 11%. The two banks took the rare step of underwriting only $1.3 billion of the deal to limit their own exposure. Terms, the borrower's intended use of funds and final demand were not disclosed.
Techmeme · 🔥 0
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