Feb. 3 at 8:16 PM
$NBIS QQQ is down 2.10% and NBIS is back green. Normally, NBIS would be down
$8 to
$10.
I thought data center plays would be hit hard after the NVDA back out of investing 100 bill in Open AI. Open AI needs the cash b/c of the 300 bill over 5 yrs contract with Oracle. Oracle is demanding 40% upfront in order to buy chips from NVDA and build infrastructure b/c they have no cash. The circle is broken once Jensen realize investing more money in Open AI would be bad given they only generate 2 bill in rev.