Keith Knowles

@MB_Hogan @daniel_koss @grok My bad, it was discussed during the Morgan Stanley conference, not an earnings call.

@KeithDKnowles @daniel_koss I dont believe the company previously ever revealed this 50/50 mix before on any earnings call, correct @grok ?

$NBIS ARR this year will be 50% hyperscaler deals, 50% own AI Cloud. This is by choice. Hyperscaler demand is "infinite". Their own AI Cloud is however where they'll make more profits from sustainable, recurring, high margin revenue long term.

@MB_Hogan @daniel_koss It was previously given in the Q4 earnings call when they gave guidance for the year.

@daniel_koss Did the company indicate this 50/50 mix for this year, Daniel? Or is this your projection?

@longinvest32 @FunOfInvesting Most likely, JPM is a client and, like most big companies, they don't allow vendors to use their logo.

@FunOfInvesting What would this even mean

$NBIS 👀

@daniel_koss "Definitely not going to bring a ton of clients with her. No chance people still talk to each other after switching companies, that never happens." Cause people break their non-solicitation agreements all the time? Great hire nonetheless, but why add this kind of childish crap?

Kristy Brackett, a Senior Sales Leader with 12+ years of experience at AWS joins $NBIS ! Definitely not going to bring a ton of clients with her. No chance people still talk to each other after switching companies, that never happens. Sidenote: it's very clear that Nebius is getting more aggressive when it comes to hiring, selling and marketing into SF. They're going for the heart :D

@AlexfromBabylon How long before that's spun into a signed Anthropic deal?

$IREN Colocation is now removed from the IREN website. 👀

@Dr_Crossroads Does your broker only allow you to own one or the other?

While I have a position in $NBIS, and I think it's the highest quality in this space, I have been puzzled why $CRWV hasn't been getting more love. Is it that the market pref dilution over debt by that much? Or is it looking very far ahead to where the neocloud that Nebius This building is a key differentiator, which I think will absolutely matter in 4 or 5 years? Or is there something else I'm missing? Either way, I might be shifting from Nebius to Coreweave soon.

@danroberts0101 So why issue PR written like an acquisition that stresses a transaction?

Excited to welcome Chris and the Awaken team to IREN. From IREN's perspective, this was a unique opportunity to bring a proven marketing team in-house, structured as a talent acquisition with no transaction consideration outside of standard employment agreements. Looking forward to continuing to build a brand that matches the scale of what we are creating - one that supports customer growth, community relationships and the social licence that matters as we continue to expand into new markets.

@mcuban The Nvidia tax, power scarcity, and capital costs are already pushing big AI to be as efficient as possible with token generation. I can't really argue with 3 & 4.

We should federally tax Tokens at the Provider level. Not a lot. Less than 50c per million tokens. It will accomplish 4 things (at least ) 1. It will push the big AI players to optimize tokenization, caching , routing and localization Which will 2. Reduce energy usage. Saving them in energy costs more than what they paid in tax and reducing strain created by the growth in energy consumption Which will 3. Generate maybe 10 billion dollars a year to start, but over the next ten years could grow 30x to 100x Which will 4. Create a source of funding to pay down the federal debt or deploy, in response to the things AI brings that we don’t expect or don’t like At some point the models will pass it on to customers. Of course. That’s ok. Customers will have the ability to choose between providers. Or to do everything using open source models locally. Thoughts ?

@MichaelWigginsO @kuchmd And doubling down on a falsehood doesn't make it a fact. It's just lazy. Q4 call guidance was "between $3 billion and $3.4 billion in revenue". Love this BTW: "And with that, there's a lot of emotion. I get it. But the facts, even if they are inconvenient, are still the facts."

Previously, the estimates for $NBIS were for $3.8B to $4B this year. Now, it's a nudge lower than this. It's clearly NOT a raise on FY 2026. I recognise that $NBIS is a stock that I own and happens to be the hottest stock in the market. And with that, there's a lot of emotion. I get it. But the facts, even if they are inconvenient, are still the facts.

$NBIS I raise my price target on $NBIS to $300 by the end of 2027. While Nebius slightly lowered its near-term revenue outlook, I believe investors will look at the bigger picture: this business is already demonstrating extraordinary cash flow generation at a very early stage of its growth cycle. Generating more than $2 billion of cash inflows while still scaling aggressively strongly reinforces my conviction that Nebius could become a highly self-sustaining AI infrastructure platform by 2027. That said, investors should absolutely expect meaningful volatility ahead. Nebius’ capital requirements remain enormous, and management will likely continue diluting shareholders as it raises additional capital to fund its ambitious capex plans. This will create tremendous volatility in the near-term, just as it has throughout 2026. And yet, I believe that investors are underestimating both the scale of AI infrastructure demand as well as Nebius’ ability to monetize that demand. Read more:

@kuchmd @MichaelWigginsO seems like an engagement ploy.

@MichaelWigginsO $NBIS What are you talking about? Near term lowered revenue outlook? They expect decrease in cloud revenue in 2026 Q2 but maintain 40% growth for the year- not overall rev. Also, they are well capitalized with several options to avoid dilution. MUTE.

@MB_Hogan Ugh. I knew that and somehow botched my post.

@KeithDKnowles @BxBoy12465 It was an all stock deal actually: stocktwits.com/news-articles/…

$IREN UPDATE: Looks like IREN sold ~$1B of its $6B ATM at ~$43 a share issuing approximately 24M new shares

@InvestNorthwise @CKCapitalxx 100% - I closed my $KEEL holding after seeing Iren's inability to close additional bare metal deals. $KEEL is just starting the journey. Not saying there isn't money to be made but it's just getting started.

This is like comparing multiples of $NVDA and $CAT because they both work with data centers. It’s highly misleading. $CRWV and $NBIS are the closest comps at the very high end of the stack offering software on top of GPUs (extremely different companies). $IREN at the moment is primarily bare metal, maybe tries to move up the stack with acquisitions. $CIFR runs leasing and managed hosting. Not even in the same universe of multiples. This is like comparing a REIT to a SaaS company. $KEEL is closest to $CIFR but three years earlier with no proven ai HPC execution and a lot less diverse portfolio. Trying to compare all of these as the same thing is wrong. We are not trying to be rude, but it’s incredibly misleading. Keel is not a gpu business and should not trade like one.

$KEEL investors this is incredibly false information and should not be used as financial advice. As we have stated, comparing $KEEL multiples to $CRWV $IREN and $CIFR is straight up incorrect. These names are expected to make 8-15m per connected live MW. $KEEL, like $CIFR, is attempting to provide managed hosting and is not playing the same part of the stack as the neoclouds. This part of the stack generates closer to 1m per connected MW. (Notice how $CIFR isn’t mentioned in the comparisons?) The multiple conversations are not comparable, are not in the same hemisphere, and nor should they be. Owning the entire stack is much riskier, much more capex intensive, and more complex. Pretending that $keel should trade at the same multiples as $NBIS with a different business model, $500 million in liquidity, and a completely undeveloped pipeline and is downright dangerous and misleading. $KEEL is a very exciting opportunity, but it’s no longer cheap, and it’s not supposed to trade like $NBIS $IREN and $CRWV In our BASE case, which we see as more than fair, $KEEL will have less than a GW connected through 2030. This isn’t bearish it’s a fact of how long permitting, connections, and cleanups for these sites take. Be careful out there, congratulations to investors who saw the value like we did at $2 and don’t get caught chasing on misinformation.

@MktMavPro No comment.

Let me predict $IREN earnings: - No deal - Miss blamed on $BTC - Hype up the energization - Hang a carrot for Australia market - Dilution news a day after I’ll eat crow if news is stellar…

@Beth_Kindig Crazy how many fake profiles you have trolling your followers.

Anthropic last week signed a new deal with Amazon for up to 5GW of capacity, including new capacity on Trainium2 coming online in the first half of 2026 and 1GW of Trainium2 and Trainium3 capacity coming online by the end of the year. $AMZN $NVDA $GOOG $AVGO

@bennybigbull You sure earnings are on Wednesday? I think you have some bad info.

Just bought back these $NBIS covered calls for pretty much breakeven. Earnings on Wednesday, and over $2M in $155 calls expiring this Friday, so it appears that someone knows that a big move is coming. If we make the move up back up to $160, then that’s where I’ll reevaluate and probably look to sell the $200 Jan 2027 call to collect a good chunk of premium.

@ilzmcfly Trust me bro?

@KeithDKnowles Because MSFT and Meta make up most of its ARR Guidance of $7-9B for 2026. Although they will miss and reach somewhere between $4.5-5.5B

I just realized… How is it that $NBIS & $CRWV havent signed a deal with software yet? only bare-metal… Yet $IREN is already in talks with customers to bring on their own software, most likely a AI Native customer. Is $IREN getting the better deals at the table but they havent announced them yet? Who would have know… Not the IREN community 👀 Somebody look out for the software engineers job postings

@ilzmcfly Once again, the customers on the link I posted are not bare metal. Not sure why you are bringing up MSFT and Meta.

@KeithDKnowles Not nebius's Software, why do you think its bare-metal. Meta and Microsoft have their own.

@ilzmcfly Each and every one or those uses what you call "software".

No that's not true, most of their ARR Guidance comes from their Hyperscaler contracts which is bare-metal. Now the point in my post clearly says why haven't they signed a contract with software yet? The AI Cloud is specifically navigated towards Natives/Enterprises. "retail" 😂 (This it not contracts) If you can spell out to me any KPI Metrics for their software or disclose how much they made from software I will be suprised.

@ilzmcfly That's false. Half their ARR guidance comes from retail/enterprise.

@KeithDKnowles Yes they don't count, mostly all of the ARR guidance comes from their contracts