M. V. Cunha(@mvcinvesting):BNP Paribas estimates $NBIS can generate ROIC of >25% at $20M in annual revenue per MW, rising to >60% ROIC at $40M per MW for GB300 deployments. The firm also sees the potential for a similar scarcity cycle with Vera Rubin, which could imply $60M in annual revenue per MW and a one-year payback period in an extreme bull case, particularly as demand ramps for new models trained on NVIDIA's latest hardware.

M. V. Cunha

@mvcinvesting

Long-term investor. BSc in Economics, MSc in Finance. Equity Analyst with a focus on Fundamental Analysis and Valuation. Not a financial advisor.

Joined July 2020

403 Following 95.9K Followers

M. V. Cunha@mvcinvesting

2026.09.24 15:18

BNP Paribas estimates $NBIS can generate ROIC of >25% at $20M in annual revenue per MW, rising to >60% ROIC at $40M per MW for GB300 deployments. The firm also sees the potential for a similar scarcity cycle with Vera Rubin, which could imply $60M in annual revenue per MW and a one-year payback period in an extreme bull case, particularly as demand ramps for new models trained on NVIDIA's latest hardware.