Neoclouds have raised H100 prices this year: Lambda and Nebius twice each, most recently Nebius on Oct 1. CoreWeave, listed at over twice the market rate, kept its price but said contract pricing rose about 25% in July. AWS cut its on-demand rates 44% in June 2025. @TradrETFs offers daily leveraged ETFs on: • $CRWV: $CWVX (2X long) • $NBIS: $NEBX (2X long) and $NBIZ (2X short) • $AMZN: $AMZO (2X short) Investing in leveraged ETFs involves significant risk. Details at

Neoclouds have limited cybersecurity. Next time agents successfully go rouge, they'll try taking over a neocloud to run more copies. This is bad. Thus: neoclouds should greatly strengthen their cybersecurity and every company with strong cyber models should help with that.

Neoclouds are scaling faster than the hyperscalers ever did because AI turned scarce power and GPU-ready infrastructure into the biggest bottleneck in computing. $CRWV reached $2.6B of quarterly revenue by quarter 26 versus ~$600M for $AMZN AWS at the same point while $NBIS is already ~$580M by quarter seven as both monetize capacity in a market where demand significantly exceeds supply. What makes the model even more durable that the demand is increasingly contracted with CoreWeave sitting on $104B of backlog and Nebius above $46B as $MSFT and $META effectively help finance outside capacity they cannot build fast enough on their own.

Neoclouds: A Short Story -> $NBIS: 242% YTD - "Nebius will take care of you" ( $NVDA's Jensen Huang). -> $CRWV: 67% YTD - debt machine. -> $IREN: 58% YTD - excessive dilution. Nebius will become a $100B company in Q3.