The same release shows a $626 million quarterly loss, and the credit market is pricing a coin flip on whether the company survives five years to collect.
“CoreWeave's revenue backlog was approximately $104 billion as of June 30, 2026, up 246% year over year, and that excludes more than $25 billion of net new customer commitments added in early Q3.”
CoreWeave Q2 2026 earnings release, August 11, 2026 (Michael Intrator, co-founder, chairman, and CEO)
Recorded 13 August 2026. Our ruling means: literally true, materially misleading.
The credit default swap market had priced a roughly 50% five-year default probability, and the company had been forced to widen the spread on a $2.6 billion leveraged loan by 100 to 125 basis points just nine days before the call
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“AI is dramatically accelerating AI research at Anthropic right now, roughly doubling the pace of capabilities progress.”
TRUE, BUTLab Not FieldAjeya Cotra on Planned Obsolescence, reading METR's assessment and Anthropic's S-1 statement that it may imminently meet its own threshold
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