$Cerebras(CBRS.US) rose over eight percentage points, with the expansion signal released at the Paris AI Summit being directly bought by funds; $Nebius(NBIS.US) rose slightly, $Super Micro Computer(SMCI.US) moved sideways, $NetApp(NTAP.US) fell slightly🤔
All on the AI computing power chain, the new story of wafer-scale chips is being chased, while the old story of servers and storage isn't getting any additional funds.
The valuation divergence within the computing power chain has already widened significantly: $Cerebras(CBRS.US)' valuation has been rising continuously since its IPO, while $Super Micro Computer(SMCI.US) is still digesting the trust discount. Chasing the new story now is equivalent to betting that "the spillover of inference computing power demand to non-NVIDIA camps" will materialize in the next two quarters—do you think the speed of this spillover can support the current pricing?
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