00:00So when it comes to quarterly sales, it looked like that tops estimates. And part of the reason that we're keeping such a close eye on CoreWeave is because it's one of the IPOs that has done best this year.
00:10And also because there's a lot of concerns right now, Sarah, about the durability of that AI trade, whether or not the ROI is going to be there when it comes to the massive amounts of spend.
00:20I know you've only had a couple of minutes to take a look at these results, but what's your first reaction here?
00:25It's interesting to me that, you know, this wasn't a bad result, but I think that the company's not had the best quarter and that's showing up in these numbers.
00:35I think they would have really needed a miracle to get a big uptick instead of this sort of down to flat.
00:42A little down to flat. That's certainly the reaction coming through after hours.
00:47I mean, couch this conversation in the context of where we are when it comes to all of these massive deals that we've come through,
00:53especially when it comes to financing the build out of these data centers.
00:57There's a concern here that perhaps this industry is overbuilding.
01:01And it seems like the hope, as you point out in your notes, is that you build it, they'll come.
01:07Sarah, I wonder how much money you can actually put behind that.
01:11Yeah, I mean, you don't normally see this kind of sort of investing for growth in an infrastructure company.
01:17It doesn't take that long to get these things online.
01:20And so, you know, I think that when you look at the capex of this company, when you look at things like, you know, the rate at which the CEO is selling,
01:28you say, OK, it feels like this is expensive and I don't know if the value is going to be there in a few years.
01:36And I think that the street is reacting that way, too, because we're seeing the slowdowns with the Taiwan semiconductors of the world
01:42and their revenue is the smallest amount of growth, I think, in the last 18 months that they've had.
01:48And there's this sort of overarching question mark of, hey, is that AI bubble maybe not popping, but at very least starting to deflate?
01:56So, you know, I think that's a great question.
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