Jose Najarro Stocks on $NSC (Oct 30, 2026)
The speaker would not commit to investing in NScale: contracted value is not revenue until it pays off, and he questions whether locking in compute for a few customers is a real business despite the $100 billion backing; he already holds other neocloud players.
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For those not familiar, NScale is kind of a big data center company. Kind of like your core, kind of like your your Nibbius.
And NScale recently announced on September 25th that they were trying to raise roughly $3.3 billion. 2.3% in initial is in in some form of capital raise and then the other 1 billion was coming from Nvidia some NScale pipeline on October 1st when they kind of did their October update they mentioned that they have more than 50,000 GPUs in production across six active data centers and five countries they have contracted more than 103 total contract value spread over multiple year agreement and in early 2028 they're targeting Monarch phase one which is going to be a 1.5 gawatt of AI computing capacity.
Again, all these are company targets and we know that contracted value is not actual revenue until it pays off. But they have a backing, right? $100 billion is massive. At the same time, this is something that like Microsoft CEO was saying yesterday where is there really a business of just locking in your compute for a few customers?
So, I don't know if I would be an investor of Nenscale, NScale because I'm already an investor of other NeoCloud players, but we're starting to see some of the things that a lot of these big CEOs were just talking about during earnings.