NBIS的预付现金流是对未来可能被取消合同的预付款，构成下行风险。
逐段跳播
这条视频里关于 $NBIS 说的每一段，按说话顺序排列。点任意一行，上面的视频跳到那一刻。
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.
他说在等什么
他自己说在等的东西，一段话一条记录。同一件事说过几次就出现几次，我们不合并，也不判断它有没有兑现。
这个频道对 $NBIS 的历次判断
Meet Kevin 在这只股票上只有这一条判断。