Nebulizer

Current Status: Full Port $NBIS

Substack @nebulizerlabs

Opinions are biased. Portfolio is undiversified.

[Nebulizer @SMASIMHO]

Started buying $NBIS in Dec '2024. Naysayers will say this is "Inspect Element."

Some people started thrown around PT's for $NBIS. It's too early to put a price on this gem.

Agentic AI is lifting off. The Physical AI tsunami is next. HPC demand will achieve escape velocity.

[Nebulizer @SMASIMHO]

@vishalgolcha @dee_bosa be there or be square

[Nebulizer @SMASIMHO]

$NBIS LIVE Part 2 in 7 hours.

4:00–5:30 AM ET.

You know what that means. I'm ruining my sleep schedule for the second night in a row.

I'll be livestreaming the whole thing on X.

Come suffer with me friends. Let's see if @dee_bosa and Arkady drop any market moving info.

[Nebulizer @SMASIMHO]

@antwithastick @Sandeman52 @dee_bosa i sure hope so

[Nebulizer @SMASIMHO]

@stonewashed92 @dee_bosa One small nap for man…

[Nebulizer @SMASIMHO]

@vuuvies @dee_bosa macro is of course terrible, but drawdowns don't last forever either!

[Nebulizer @SMASIMHO]

@Vsia21651 @dee_bosa hey i think 1GW+ or rubins is pretty material :) expect bits and pieces of color here and there

[Nebulizer @SMASIMHO]

@The_Boraks @dee_bosa will be bits and pieces here and there

[Nebulizer @SMASIMHO]

@BaronGold444 @dee_bosa Hope to see you there haha, will post stream recording after

[Nebulizer @SMASIMHO]

@TheDividendDog @dee_bosa see you up bright and early brother (can tune in from gym)

[Nebulizer @SMASIMHO]

@GARRlS0N @dee_bosa Father jensen

[Nebulizer @SMASIMHO]

@dee_bosa Link to Nebius Official Stream:
https://t.co/WSQl48FOJH

[Nebulizer @SMASIMHO]

@jiahanjimliu @EndicottInvests jim customize your agent too and we can play date in agent sandbox

[Nebulizer @SMASIMHO]

@nglotus9898 🙏🙏

[Nebulizer @SMASIMHO]

$NBIS is doing incredibly well.
- Jensen Huang NVIDIA GTC Keynote

[Nebulizer @SMASIMHO]

@Junkins85 speed dial

[Nebulizer @SMASIMHO]

As Mark said during $NBIS Live today, $NBIS will deliver 1GW+ of Vera Rubin capacity in 2027.

The $12B $META deal is entirely for VR200s, which reinforces where GPU mix is heading.

This is what I believe the market is most severely underpricing when modeling forward ARR.

During Q2 earnings management stated they were deliberately withholding contracting out all 2027 capacity. Additionally, Reflection deal, one of the $1b+ deals signed at $20-25MM/MW/YR, is already in the process of actively deploying per @BKad2005's talks at Builders & Brews.

This means the monetization rate a blended figure reflecting GB300s and potentially some early Vera Rubin deployments.

But 2027 is a different story. As the hardware mix shifts dominantly towards Vera Rubin, so does the revenue potential per MW.

Don't want to put a number on this yet, but know that $20-$25MM is the floor, and that 2027 capacity blend is 25% hyperscaler, 75% Enterprise / AI Natives.
https://t.co/l2IYFucrCF

[Nebulizer @SMASIMHO]

The biggest tailwind no one is baking into their $NBIS 2027 ARR estimates is $NVDA Vera Rubins.

The huge amount of 2027 compute will be for VR200s. So far, the numbers provided by $NBIS management during Q2 earnings in the $20-$25MM/MW/YR range are all for Blackwells, specifically B300s.

"We could sell today our entire 2027 capacity on these terms if we wanted to. We are not doing this."
- Arkady Q2 '26 Earnings

In other words, these numbers are the floor. Where is the upside? Well here's something to chew on.

@JensenHuang said during Q2 2026 $NVDA earnings that Rubin's will go for $40B/GW.

That's a 60% increase in hardware $/MW compared to GB300s, not annual cloud rental revenue. But is illustrative of the step function change in economics.

And I trust that $NBIS management will be conducting auctions galore to maximize producer surplus here.
https://t.co/U3K0F8Mt0o

[Nebulizer @SMASIMHO]

@Lmtt31 apparently need to wait 24 hours...

[Nebulizer @SMASIMHO]

@FrancisCashFlow Seriously. Just need to stay put, BTD, stay liquid

[Nebulizer @SMASIMHO]

@rappphhhi Shhhhhh

[Nebulizer @SMASIMHO]

@Digital_InSaner stay sane brother

[Nebulizer @SMASIMHO]

@Spiralout_one waiting patiently and trying to pull some other strings to do God (Arkady's work)