· 个股论点
嗯，我仍然坚持认为 $NBIS 具有最高的非对称回报(asymmetrical return)，与 $IREN 相比，其下行风险更低，上行空间更大。这得益于其现有的超大规模客户(hyperscaler)合约、随客户同步扩张的子公司，以及拥有全栈(full-stack)能力的更高利润率业务。 另一方面，我同意 $IREN 因其产能和基础设施而具有极高的投机性上行空间。 我曾同时持有这两只股票，同时持有两者也没问题，但我认为在矿企股价上涨后，Nebius 的风险收益比(risk-reward)更好。 讨论这些观点很好！
Hmm, I still maintain $NBIS has the highest asymmetrical return, with lower downside, high upside compared to $IREN with existing hyperscaler deals, subsidiaries scaling alongside them, and a higher margin business with full-stack. On the other hand, I'd agree $IREN has a high speculative upside due to capacity and infrastructure. I've owned both and it's fine have both, I just think risk-reward is better for Nebius after the runup on miners. It's good to discuss those points!