中文翻译
再次强调，情况非常微妙，我只是想指出你可能混淆或误解的地方。 $NBIS 和 $CRWV 拥有最高的标准化利润率(normalized margins)，但 $CRWV 之所以亏损，是因为其巨额债务利息。 如果从公式中剔除这一因素，并保持较高的利用率(utilization) + 改善导致利润率计算的复杂公式中的其他部分，那么 $NBIS 就处于那个“甜蜜点(sweet spot)”，这就是我试图表达的观点。
· 个股论点
澄清NBIS与CRWV利润率差异，指出NBIS处于更优位置。
英文原文
Again it’s very nuanced and I’m just trying to point out what you might be conflating or misunderstanding. $NBIS and $CRWV have the highest normalized margins but the reason why $CRWV is unprofitable is because of their large debt interest. If you remove that from the equation and maintain higher utilization + improve other parts of the multifaceted equation that leads to margin calculations, then that’s where $NBIS sits in that sweet spot was the point I’m making.