Joseph Carlson 对 $NBIS 的判断变化
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.
所以，要真正看这家公司今天的有机增长，你可以放大到过去 2 年。我们可以看过去 12 个月的季度收入，在 2024 年第四季度，它是 1 亿美元。在 2026 年第一季度，它是 8.77 亿美元。
这就是为什么股价上涨如此之快。它确实是由收入本身驱动的。该股上涨了 176%，并且会在一天内飙升 20% 或更多。
So, to actually look at the company today and its organic growth, you can zoom in to just the past 2 years. We can look at the trailing 12-month quarterly revenue, and back in Q4 of 2024, it was $100 million. In Q1 of 2026, it is $877 million. This is why the stock is moving up so fast. It's really being driven by the revenue itself. The stock is up 176% and it will surge up 20% or more in a single day.
当你进入这些非常炒作、动量驱动的股票时，你也必须小心。你知道你进入的是什么。沿途的波动幅度在 10% 到 20% 之间。所以，如果你持有这家公司，你可以预期会不断看到这些波动。
You also have to be careful when you're going into these very hyped momentum-driven stocks. You know what you're getting into. These zigs and zags along the way are anywhere from 10 to 20%. So, you can expect to see those constantly if you hold this company.
有一大批投资者一直在关注这家公司。它已经拥有巨大的动能。而动能可以将这类股票推得比投资者认为的更远、更久。即使抛开技术面、动能因素和炒作不谈，Nembus 确实拥有一些出色的基本面。
他们可以使用 Nvidia 的 GPU。他们可以获得电力和融资。客户为他们的产能预付费用。Nembus 将所有获得的资金再投资于建设额外产能。他们的规模正在以 40% 到 50% 的比例产出。
他们的基础设施持续增长，EBITDA 和盈利也在增长。
There's a massive group of investors that are constantly looking at this company. It already has tremendous amounts of momentum. And momentum can carry stocks like this far further and longer than investors believe. And even looking past the technicals and the momentum factor and the hype, Nembus really does have some great fundamentals. They have access to Nvidia GPUs. They have access to power and financing. Customers prepay them for their capacity. Nembus reinvests all of the money that they're getting into building extra capacity. Their scale is producing at 40 to 50%. Their infrastructure continues to grow, and so does their EBITDA and their earnings.
但只要这家公司继续以过去的速度增长收入，它很可能将继续看到更多的动能。
But as long as this company continues to grow the revenue as fast as it has been, it's likely that this company will continue to see more momentum.