To: y2kate who wrote (25195 ) 7/15/2025 12:54:56 PM From: Elroy Read Replies (1) | Respond to NBIS is expanding aggressively while taking a more fiscally conservative approach. He's not concerned about operating losses at this stage. He also likes that NBIS offers a "full stack" solution, while CRWV does not. I think NBIS is just buying from suppliers like NVDA that offer the "full stack" approach. Not sure what a "full stack" means when you are building a datacenter, usually that's a maker's offering, and NBIS would be their customer. Not sure how NBIS can be both expanding aggressively and fiscally conservative when they (as I understand it) are just purchasing systems and building data centers. They are in build mode. Spend spend spend. If they don't spend, they don't get the components to build their data centers. You realize that NBIS expanding aggressively means that NBIS is spending aggressively, right? NBIS expands by building more and more AI data centers. Those ain't cheap. NVDA's gross margins are above 80%. If you want to enjoy the benefits of the aggressive expansion of AI data centers I would wonder why own NBIS rather than NVDA? NBIS is buying loads of stuff from NVDA, and so far not selling much relative to what they're spending. NBIS = spend spend spend spend and maybe years from now some customer will buy whatever they have built. I would imagine at that time, years from now, NBIS has to continue spending more and more because some else is always building a newer more efficient low cost AI data center, and that new efficient low cost data center competes with the ones which NBIS built, so spend more and more and always stay ahead until......something happens.
