Neocloud earnings play with strong fundamentals expected

This week is essentially earnings week for Neoclouds. $CRWV, $NBIS, and $CORZ will report earnings one after another, with $IREN following in the coming weeks. Coincidentally, today NVIDIA partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to mobilize over $500 billion in third-party capital for investment in AI computing infrastructure. Recently, the Neocloud sector has faced pressure, with the market repeatedly focusing on issues such as data center approvals, electricity prices, water resources, and tax incentives, which will indeed affect project implementation timelines in the short term. However, the key factor is whether demand has deteriorated. If GPU leasing prices remain firm, computing utilization does not decline significantly, and open-source models continue to drive up training and inference demand, then the core logic of this industry remains unchanged. In the past, the biggest problem for companies like $CRWV and $NBIS was excessive cash burn. Now, if NVIDIA can bring Wall Street capital into the fold, financing and CapEx will no longer be issues. Demand persists, and capital is starting to flow in. Therefore, what I most want to see in this week's earnings reports is how management addresses financing, CapEx, GPU procurement, utilization rates, and expansion speed. If these indicators remain strong, the recent pullback is simply digesting policy and valuation pressures.