---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43269915.md"
description: "Both are in cloud and AI computing power; one has its own cash flow as a safety net, while the other relies purely on financing for expansion. The data center sector adjusted as a whole that day, with ST/US/AMZN hardly affected, while ST/US/NBIS absorbed a double-digit drop in a single day.The beta of AI computing power ultimately comes down to what's written on the balance sheet: ST/US/AMZN's capital expenditures are supported by cash flows from retail and advertising, so when prices fall, the market knows it can withstand it; ST/US/NBIS's expansion relies entirely on external financing, so any shift in interest rates or risk appetite requires a revaluation of its valuation. It has already fallen 15% below the 50-day moving average, representing a 33.8% decline from its 60-day high. The volatility of pure computing power plays is at this magnitude; how much exposure would you allocate to such positions?"
datetime: "2026-08-07T10:57:50.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43269915.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43269915.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43269915.md)
author: "[卡拉比](https://longbridge.com/en/profiles/28922770.md)"
---

# Both are in cloud and AI computing power; one has …


### Related Stocks

- [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md)
- [NBIS.US](https://longbridge.com/en/quote/NBIS.US.md)
- [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md)