ChainCatcher report: "White-Haired Stock God" Serenity posted on X that a detail in Oracle's (ORCL) earnings report is favorable for Nebius (NBIS) and IREN (IREN). Oracle stated that all renewed GPU computing capacity has been resold at prices 20% higher than previous contracts, and most of the related equipment has been in use for over four years. Serenity believes this further refutes Michael Burry’s argument that GPUs rapidly depreciate, while benefiting NVIDIA (NVDA) and the Neocloud computing power sector.
Oracle GPU renewal prices rise 20%, challenging Burry's depreciation thesis
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Summary
Oracle (ORCL) reported renewed GPU contracts sold at 20% higher prices, with most hardware over four years old. This contradicts Michael Burry’s depreciation thesis and supports NVIDIA (NVDA) and Neocloud. The announcement comes as crypto price volatility remains high, with the Fear & Greed Index showing mixed signals.
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