NBIS 这一页 20 条观点条目，其中 1 条方向发生变化。
我们减持了Nebius的仓位。是的，我们或许应该说明一下，当我们说NeoClouds时，指的是Nebius、CoreWeave、IREN。我认为这三家是我在社交媒体上一直看到的最热门的三家。
We trimmed down on the position in Nebius. Yeah, we should maybe clarify, when we say NeoClouds, Nebius, CoreWeave, IREN. Those are the three most popular, I think, that I see on social media all the time,
现在，我想详细讨论的最后一只股票是 Nebius。最近，他们的 CEO 宣布 Nebius 现在正在推出现货定价和动态定价功能，这非常令人兴奋。
Now, the last stock I want to discuss in detail is Nebius. Recently, their CEO announced that Nebius is now introducing spot pricing and dynamic pricing features , which is very exciting.
他说：“正如我们所说，AI 基础设施是 AI 行业中最有趣的领域里最不有趣的部分。”在我看来，AI 基础设施很棒，但很多人不喜欢它，而我认为其中最无聊的方面就是债务。
He said, " As we say, AI infrastructure is the least interesting part of the most interesting sector of the AI industry." In my opinion, AI infrastructure is great, but many people dislike it and I think the most boring aspect of it is the debt.
NBIS也是聊天中提到的一个。这对我们来说一直是另一个非常好的交易标的。NBIS今天只上涨1%。我们日线上其实仍然有音叉形态。我们会看看那最终是否会奏效，但NBIS，我们仍然在周四高点之下。
Uh NBIS was another one that was mentioned uh in the chat as well. This has been another really great trader for us. NBIS only up a percent here today. We actually still have the tuning fork here on the daily.
We'll see if that if that ends up working out here, but NBIS um we're still under the Thursday high.
至少 Nebius 还没那么糟。Nebius 的资产负债表其实还不错。他们大约有 55 亿美元的厂房、房地产和设备。85 亿美元的长期债务。但他们有 14.8 亿美元的现金。所以，这不算差。我们这里有一些流动性。我喜欢这一点。
Now, at least Nebius isn't that bad. Nebius actually has a decent balance sheet. I mean, they've got about $5.5 billion Dollar... I don't have exposure to Nepos, but they have about $5.5 billion in plants, real estate, and equipment.
$8.5 billion in long-term debt. But they have $1.48 billion in bills in cash. So, that's not bad. We have some liquidity here. I like that.
在今天的节目中，我真正想讲的是两家 NeoCloud 公司，Nebius 和 Core 刚刚发布了一些非常惊人的公告。
On today's episode, what I really want to cover is two NeoCloud players, Nebius and Core just reported some amazing announcements.
好，我想先从 Nebius 说起。这是社区里很受欢迎的一只股票，就在那里。这可能是目前市面上最受欢迎的 NeoCloud 股票之一。我还想说，它是表现最好的。我认为年初至今，该股上涨了约 126%。
All right, so I want to start off with Nebius Nibbius. This is a community favorite, right there. This is probably one of the most popular NeoCloud stocks out right now. I also do want to say it's the best performing.
I think year to date, the stock is up about 126%.
我拿到的第一条消息是关于Nebus的，代码是NBIS。Nebus，代码NBIS。
Uh the first piece of news I have is on Nebus, ticker NBIS. Nebus, ticker NBIS.
现在，让我们回到Nebius。NBIS对我们来说一直是一只很好的交易标的。又一只大型AI股。现在，今天有一些消息导致它跳空高开。Nebus Group，代码是NBIS，其股价在周四盘前交易中上涨超过9%，此前有报道称，这家AI基础设施公司计划将其GPU云服务的价格全面上调约20%，因算力容量依然紧张。
据报道，Nebius正在将其GPU云服务的价格全面上调，凸显出人工智能算力供应紧张。这些新价格将于10月1日生效，涵盖Nvidia Corporation的多个GPU型号。顺便说一下，那是代码NVDA。
这些型号包括H100、H200、B200和B300。这是根据FU转载的华尔街见闻报道。
Now, let's get back to Nebius here. NBIS been a great trading stock for us. Uh, another big AI name. Now, there is some news causing it to gap up here today. Nebus Group, which is ticker NBIS, their stock rose over 9% in Thursday's pre-market trading following reports that the AI infrastructure company plans to raise prices across its GPU cloud services by about 20% as computing capacity remains tight.
Nebius is reportedly raising prices across its GPU cloud services, underscoring tight supplies of artificial intelligence computing capacity. And those new prices are set to take effect October 1st and cover several Nvidia Corporation GPU models.
That's ticker NVDA, by the way. Those models include the H100, H200, B200, and B300. And that is according to a Wall Street CN report carried by FU.
Nebus 显然在未来会发行大量债务，因为他们正进入业务的这个阶段，而其中有多少会以不同的利率发行，如果是由美国贷款方提供的话。
Nebus obviously is going to be issuing a ton of debt into the future as they sort of enter that phase of their business and how much of that is going to be at different rates if it's US lenders.
Pounder 的合作伙伴之一 Nebius 在盘后上涨。他们将于 10 月 1 日把 GPU 租赁价格提高 20%。
One of Pounders's partners, Nebius, is up after hours. They are increasing GPU rental prices by 20% on October 1st.
接下来进入我选的这只股票，如果出现同样的新闻标题，情况会完全一样，这就是一家 neocloud，或者有人喜欢称之为 AI 超大规模厂商，也就是 Nebus，故事是一样的。我认为 Nebus 在这个周末的这则消息下也可能受到冲击，因为当开源模型、开放权重模型在这整个 AI 故事中占据越来越多的市场份额时，Nebus 是一个大赢家。
他们不在乎你用的是哪个模型，他们只想看到使用量上来。
which moves me into my pick which is actually a stock where if we see the same headline it's going to be the exact same thing and that's a neocloud or AI hyperscaler as some like to call it that's Nebus and it's the same story and I think Nebus with the story of of this weekend could also get hit because Nebus is a big winner when it comes [snorts] to well open source models open weight models taking more and more market share in this whole AI story.
They don't care which model you use. They just want to see usage come in.
这就引出了我的选择，这实际上是一只股票，如果我们看到同样的新闻标题，情况会完全一样，那就是一家新云（neocloud），或者有些人喜欢称之为AI超大规模厂商，也就是Nebus，故事是一样的，我认为Nebus在这个周末的这则消息下也可能受到打击，因为当开源模型、开放权重模型在整个AI故事中占据越来越多的市场份额时，Nebus是一个大赢家。
他们不在乎你使用哪个模型。他们只想看到使用量上来。
which moves me into my pick which is actually a stock where if we see the same headline it's going to be the exact same thing and that's a neocloud or AI hyperscaler as some like to call it that's Nebus and it's the same story and I think Nebus with the story of of this weekend could also get hit because Nebus is a big winner when it comes to well open source models open weight models taking more and more market share in this whole AI story.
They don't care which model you use. They just want to see usage come in.
想了想，有人说：“10块的时候持有。我最大的遗憾是18块卖出。”我也有同感，因为我曾在17块半持有NBIS，在23、24块卖出。还以为自己干得很棒。
Thinking about it, says, "Be owned at 10. My worst regret is sale at 18." I share that because I had NBIS at 17 and a half, sold it at 23 24. Thought I was doing great.
我们还看到“Nebulas”上涨了约7%。
We also saw "Nebulas" rise by about 7%.
嗯，我确实认为数据中心的全栈玩法不会消失。而Nebius，虽然它混乱且有点难看，将再次成为买入对象。但我在看180及以下才会持有它。
Um, and I do think the full stack uh play in in data centers is not going away. And Nebius, although it's messy and kind of ugly, will be a buy again. But I'm looking at 180 and lower to own it.
你认为NBIS的价格是否过高？对我来说，它看起来……等一下。我刚刚被登出了，一定是某种更新。没有更新。好吧，它只是把我登出了，它说刷新你的令牌。是的，我不知道为什么。好吧，所以它在八月份的时候曾经过高，或者说非常接近过高。
它已经回落了。它仍然可能继续冷却一点。直接回答你的问题，我不认为它过高。我想这取决于你是否看更长的时间框架。周线在我看来并不过高。月线正在从过高状态回落，因为这东西的RSI曾经远高于70，实际上几个月前达到了80多。
所以我认为它正在从过高状态回落。所以答案我想是否定的。我不认为它过高。我只是认为它现在正在寻找底部。我不知道是否就在200这里。看起来这有点道理。但是有一个缺口还没有完全填补。
非常接近，但还不完全。让我看看。那是193吗？这是195。所以大约有2美元我们没有填补这个缺口，这个缺口是在8月11日至12日产生的。但是如果我们能守住这个区域，大约在19520这里，谁知道这不会反转呢？
但是回答你的问题，不，我不认为它过高。它只是正在从过高状态回落。
Do you think NBIS price is overextended? to me it looks like it hold on a second. I just got logged out of there must been some kind of update. There was no update. Okay. Well, it just logged me up for It said f your token.
Refresh it. Yeah. I don't know why though. All right. Um, so it it was extended at uh or or pretty close to being extended at one point back in August. It's come back in. Uh, it still could, you know, continue cooling off a little bit more.
Um, I to answer your question directly, I don't think it's it's extended. I guess it depends on if you look at some longer time frames. Um, the weekly doesn't look extended to me. uh monthly it's coming off of being extended because this thing had an RSI that was well over uh you know 70.
It was up to in the 80s actually uh just a few months ago. So I think that it's it's coming off of being extended. Um so the answer I guess is no. I don't think it is. I just think that it's it's trying to look for a bottom right now.
Um I don't know if that's going to be here right at 200. Seems like that kind of would make sense. Uh but there is a little bit of a gap that hasn't quite been filled yet. Pretty close, but not quite.
Let's see here. Was that uh 193? And this was what 195. So there's like a maybe $2 that we didn't fill this gap uh that was created back on August 11th to 12th. Um but if we, you know, if we can hold this uh these, you know, this area here around 19520, who's to say this doesn't turn around?
But to answer your question, no, I don't think it's extended. It's just it's it's coming off of being extended.
其次，这一类别包括Neoclouds，即专门的AI基础设施提供商，如Cororeweave、Nebius和Iron，它们是本视频的重点。其中一家是相当明显的赢家，当我们进行比较时，我会告诉你是哪一家。
And second, this category includes the Neoclouds, specialized AI infrastructure providers like Cororeweave, Nebius, and Iron, which are the focus of this video. One of them is the pretty clear winner, and I'll show you which one when we compare them.
至少在短期内，有三个重要理由将重点放在Neoclouds上，而不是其他类型的公司。首先，他们与各种AI买家都有交易，从Perplexity和Figure AI等初创公司，一直到超大规模云服务商本身。
这意味着即使是他们的直接竞争对手也是他们的客户。
There are three big reasons to focus on Neoclouds above other kinds of companies, at least for the near- term. First, they have deals with every kind of AI buyer, from startups like Perplexity and Figure AI all the way to the hyperscalers themselves.
That means that even their direct competitors are their customers.
好的，现在来看排名第二的公司，它保持第二位，这家公司实际上托管并运营着 Nvidia 的许多硬件，那就是 Nebia's Group，股票代码 NBIS，其市值约为 3.3 亿美元，在投资组合中仅占 0.5%。
All right. Now, coming in at um number two here, holding number two, uh we have a company that actually houses and runs much of Nvidia's own hardware, and that's in Nebia's Group, ticker symbol NBIS, which at about $330 million is still only worth half of 1% in the portfolio.
但 Nvidia 显然在投资这家新云运营商，用于其大型高性能数据中心，这些数据中心配备了 Nvidia 最新的 GPU。Nebia's 随后将所有这些高性能计算能力出租给其他需要但缺乏相同基础设施和专业知识的公司，有时甚至包括软件或平台。
But Nvidia is clearly investing in this neo cloud operator for their giant high-performance data centers that get packed with Nvidia's latest GPUs. Which Nebia's then rents out all of that high computing power to other companies that need it, but don't have all the same infrastructure and expertise as Nebia's to run it, or sometimes even the software or platforms.
高盛刚刚为 Neveah 股票发布了一个出色的目标价，该公司也刚刚与英伟达合作，通过 Groq 发布其超高速令牌推理芯片。
Goldman Sachs just came out with a glorious price target for Neveah stock, which is also the company that just partnered with Nvidia on releasing their ultra-fast token inference chips via Groq.
他们将成为首批实际提供这些芯片访问权限的公司之一，以与 Cerebras 的超高速令牌生成器竞争，从而利用这些 SRAM 芯片实现低延迟、几乎难以察觉的人工智能响应速度。
They'll be one of the first actually providing access to those chips to compete with the ultra-fast token generators of Cerebras for that low latency, almost imperceptible latency artificial intelligence that you can get from these SRAM chips.
Coreweave、I ran、Nabias才刚刚开始。
Coreweave, I ran, Nabias are just getting started.
Nebius 获得高盛上调评级。它现在是一家市值 590 亿美元的公司。作为一家 NeoCloud 公司，它的规模还很小。尽管较 300 美元的峰值已下跌约 27%。
Nebus gets an upgrade from Goldman. It's now a $ 59 billion company. It's pretty small as a NeoCloud. Still down from peak of $300 by oh about 27ish% down from peak.
这是关于 Nebius 的报告。我想……我认为这是高盛关于 Nebius AI 基础设施需求持续强劲的评论。请记住，Nebius 刚刚宣布与英伟达达成 Grock 合作伙伴关系。
所以 Nebius 正在为 Ultra Fast Tokens 提供首批 Grock 生产芯片，对吧？这就是你对标 Cerebras 的情况。
So this was the note on Nebas. This uh I want to I think this was Goldman latest commentary on continued strong demand for Nebius AI infrastructure. Now keep in mind Nebius just had the uh Gro partnership announced with Nvidia.
So Nebius uh is providing the first Grock uh production chips uh production chips for ultra fast tokens, right? That's your cerebrous comparison.
再说一次，你会得到那些不可退还的押金，像Sandis这样的公司会保留这些押金。顺便说一句，Sandis获得了大量前期资金，很多超大规模和新型云公司也是如此，无论是NBIS还是其他公司，他们都会获得大量前期资金，这样他们就可以继续投资基础设施。
人们看到那笔前期资金，就会想“天哪，这家公司有这么多现金流”，但忘记了那实际上是未来几年合同的预付款。如果合同被取消，你就不会再得到那些额外的押金了。所以当那些取消发生时，确实会带来潜在的下行风险。
And again, and you get those non-refundable deposits that companies like a Sandis keeps. You know, Sandis got a lot of upfront capital by the way for and this happens with a lot of the hypers scale the neoclouds as well you know whether it's um an NBIS or whatever they get a lot of upfront money so they could sort of keep investing in the infrastructure and people see that upfront money and and think oh my gosh this company has so much cash flow but forget that that's actually a prepayment for contracts years out they get cancelled you're not getting those extra deposits again so that does create a potential downside when those cancellations come.
现在，接下来我们来看快速增长的公司，我们有两个。我们将从 Nembus Group 开始。这是网上最受欢迎的股票之一。除了 Michael Burry，每个人都在买入。Michael Burry 列出他以每股约 210 美元做空这家公司。
所以，今天上涨 23% 对他的空头没有帮助。现在，他已经深度亏损，但也许他可以持有足够长的时间，让它回落。无论如何，Michael Burry 在这个空头头寸上有很多不利因素。
Now, next we get to the fast-growing companies, and we have two of them. We're going to start off with Nembus Group. This is one of the most popular stocks online. It's one that everybody is getting in on except for Michael Burry.
Michael Burry listed that he was short this company at around $210 per share. So, the fact that it's up 23% today is not helping out his short. Right now, he's already deeply in the red on it, but maybe he can hold it long enough that it will go back down.
Either way, Michael Burry has a lot of things working against him with this short position.
