Another thing looking at the return of GPU is - CoreWeave Delayed Draw Term Loan (DDTL) Facility is used to finance CAPEX needed to fulfill specific customer contracts. The interest rate on the loan is tied to the creditworthiness of the customer associated with each contract.

'Tis the IPO season! So I teamed up with Howe Wang of Procure.FYI (one of the best alt data sources in government contracts and IDC construction) to do a deep dive comparison between CoreWeave $CRWV and its closest public-listed competitor Nebius $NBIS. We teased out key

If you liked round tripping you’re gonna love double secret round tripping.

Want a much deeper (but still plain language understandable) dive on the comparison? See my piece with Howe Wang -> interconnect.substack.com/p/coreweave-vs…

Ryan @ RepVue Here are the software and tech companies—particularly those focused on cloud—that received the most federal revenue, based on the 80+ companies we’ve tracked.

Choosing a GPU cloud provider is a high-stakes decision for any AI/ML team. Specs and technical details matter—but what do they actually mean for your team? It’s not just about clock speed or FLOPS. It’s about whether your models will train faster, deploy more reliably, and scale

truetheta.io/concepts/ai-to…

Quick reminder that Scale AI had one large federal contract—W911QX20C0051, 110m, from 2020—which has since ended. I, as Procure.FYI, haven’t seen any significant traction since.

Palantir Palantir $pltr current fiscal year federal revenue source

Palantir Palantir $pltr had one of its strongest Q1 performances from the federal government in recent years—if not its largest ever (over $120M so far). Note that Q1 is typically a quieter period for federal contracting compared to Q3, which marks the end of the fiscal year

As we noted last month, a resolution of the U.S.–China tariff dispute will likely involve an agriculture‑and‑LNG deal as well open.substack.com/pub/procurefyi…

Palantir (Palantir $pltr ) FY2025 year-to-date revenue by U.S. federal department

Got time to update my U.S. data center construction spending infograph tonight. March’s Census data feels like a subtle but important inflection point. #Datacenter construction spending reached an all-time monthly high of $34.8B annualized, yet the sharp acceleration we saw

If you allow me, I am going to yap about CoreWeave working capital, again $crwv. The company posted a record $606 million in adjusted EBITDA on $982 million in revenue, yet only generated $61 million in operating cash flow—a striking gap that points to serious cash-conversion

Ahem, speaking of budget cut, based on contract data from over 70 software vendors tracked by Procure.FYI , federal award growth in the first quarter of fiscal year 2025 has already exceeded $1.5 billion, highest in Q1 history (Note: Data is still incoming due to a typical data

A more revealing look at Anduril Industries’s R&D engine would explain its roll-up-style acquisitions of companies that secured government contract vehicles—specifically, the 3 to 15 Indefinite-Delivery Vehicles (IDVs) it has amassed over the past five years. Colossus Review Data via

Wrote part two of my ongoing series on fiber optics and networking. I think most people underestimate how important and crucial networking is, so I wrote about a somewhat overlooked story: NVIDIA’s 2019 acquisition of Mellanox for $6.9B. This deal fused Israel, the U.S., and

In a time of Marvell (Marvell Technology, $MRVL) reporting flat data center revenue growth and a disappointing outlook this week, I am once again reminding you to pay attention to the slowing pace of data center CapEx input, things industry talkshop hypebeasts won't tell you: