Excess Returns · Friday, October 30, 2026
Addressing market anxieties surrounding CoreWeave and AI infrastructure debt, Jay argued that panic is largely misplaced. He noted that CoreWeave has robust long-term contracts, significant current EBITDA, and utilizes standard project financing models similar to power plants.
“So we think it was a massive overreaction. and that those Plants will get built.”
“Corwin's not going away. They have contracts for all their... data centers, They have superior technology. They have 13 billion of current EBITDA run rate at the end of the year.”