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Our PRO team is adding to both $CRWV & $NBIS at these prices. Nvidia put $2 billion into CoreWeave in January 2026, a 9% equity stake at $87.20 a share. Two months later it put another $2 billion into Nebius through pre-funded warrants tied to a target of 5 gigawatts of AI capacity by 2030. Jensen Huang has a reason to write those checks: Hyperscalers building their own custom AI chips is a direct threat to Nvidia's growth. Independent neoclouds that buy Nvidia GPUs instead of designing their own silicon are what keeps Nvidia's install base expanding. For a while, the obvious bear case on neoclouds was cash burn. Build massive GPU clusters on debt and if customer demand does not show up fast enough, you are stuck holding depreciating hardware nobody is paying to use. But that case got weaker on July 1. Nvidia launched an AI Compute Partnership, a revenue sharing financing model where Nvidia takes a cut of a neocloud's cloud revenue in exchange for backstopping idle GPU capacity at a guaranteed floor rate. Sharon AI and Firmus are already deploying GPUs under it. Nvidia is now the one underwriting utilization risk. That makes GPU clusters easier to finance and more bankable for companies Nvidia already owns a piece of. Jensen has turned himself from a one time chip seller into a recurring revenue partner with real skin in the game on whether Nebius and CoreWeave actually succeed. Bullish $CRWV & NBIS.

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