POPA Recon[Yonhap Infomax] Michael Burry warns of rapid rise in Nevius
[Yonhap Infomax] Michael Burry warns of rapid rise in Nevius • Michael Burry noted that Nevius (NAS: NBIS) stock price soared 34% after the previous day's earnings announcement and rose 210% since the beginning of the year. • He pointed out that Nevius' earnings announcement confirmed that the peak of the boom was approaching. • Nevius said it could sell its expected computing capacity through 2027 through contracts for one to three years, but is currently devoting capacity to meeting near-term demand. • The unit price for short-term contracts is $40 to $50 million per MW, which is double the…
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