Since this graphic was created, $ORCL is looking to raise another $18 billion in debt.
$CRWV has a D/E ratio of 381% and unlike mature tech companies, it is on a doom loop of raising debt in order to cover operating losses.
$NVDA has a ton of debt, but they have hidden $45.8 billion off-balance sheet. Re-working to include that, the D/E ratio spikes to 86%.
The AI bust will be a bigger blow for private credit than the First Brands bankruptcy.
Since this graphic was created, $ORCL is looking to raise another $18 billion in debt.$CRWV has a D/E ratio of 381% and unlike mature tech companies, it is on a doom loop of raising debt in order to cover operating losses.$NVDA has a ton of debt, but they have hidden $45.8… pic.twitter.com/y5crQPrmAy
— Kashyap Sriram (@kashyap286) October 13, 2025
Their losses keep increasing. Their debt load keeps increasing. Without raising more debt (or equity), they will go bust real soon.
Everyone hopes to gamble and win, but that doesn't change the facts.
— Kashyap Sriram (@kashyap286) October 13, 2025