NBIS 因美国扩张带来的中期利润率压力已被认知，但不构成下调评级的理由。
逐段跳播
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.
你看，我们其实早就知道这要来了。这就是那种不断发生的糟糕市场，他们上次炉边谈话时字面意义上就说了，他们做了一次价格拍卖，比他们最新一轮定价高出 20%，他们说这将让我们有能力在未来提价，因为我们现在看到需求可以承受这么高的价格。
他们字面意义上就点明了，然后他们就这么做了，然后股价就跳涨了。
See, we kind of already knew that that was coming. And this is the terrible market that constantly happens is like they literally said this on the last fireside chat that they did a price auction that was 20% higher than their latest pricing round and they said that this would give us uh the ability to raise our prices going forward because we've see the demand now can be priced this much higher.
Like they literally called it out and then they do it and then the stock pops.
不，他们说短期会很好，长期会很好，中期会很糟。但说实话，我同意他们的看法，因为他们会在美国扩张上花一大笔钱，这会影响中期指引。早期不会受影响，因为建设速度不够快，但在未来3到5年，这很可能会影响利润率，因为他们正在成长进入最大的那个板块。
而10年之后，他们大概会从这个板块中受益。所以他们大概是对的。但这不值得下调评级。
No, they said they said the short term is going to be great. The long term is going to be great. The medium-term is going to be bad. But honestly, I agree with them because they're going to spend a ton of money on the United States expansion and that will impact medium-term guidance.
It won't be affected. It won't be affected in the early term because won't be built out fast enough, but in the next 3 to 5 years, it it likely will impact margins because they're growing into the biggest uh sector.
And then 10 years out from now, they'll probably be benefiting from that sector. So, they're probably right. But it's not worth a downgrade.
这个频道对 $NBIS 的历次判断
Jose Najarro Stocks 在这只股票上共 4 条判断，这里只列相邻的几条。