# data center revenue — X 热门讨论 (2026-09-25 16:13 UTC)
## @CKCapitalxx (CK Capital) · 09-25 13:08 · ♥59 ↻7 💬16 Everyone on X knows about $VRT, which is why it’s crazy to be how nobody talks about $AAON.
$VRT is the giant everyone knows. $AAON is a 35 year old rooftop HVAC company from Tulsa whose data center brand, BASX, grew 216% last quarter and is now half the company.
Side by side:
$VRT: 31.8x forward earnings, 23.6x forward EV/EBITDA, 6x sales. Growing 23%. Backlog over $15B. Raised the full year to $14B.
$AAON: 30.2x forward earnings, 17.3x forward EV/EBITDA, 3x sales. Growing 55 to 60%. Backlog $2B, up 98%. Raised full year growth guidance.
Same forward P/E. One is growing more than twice as fast.
Both are trading well below where they were a few months ago and the reasons don't hold up. $VRT is over 30% off its high on a revenue timing issue, not a demand issue.
$AAON is at the lowest multiple in its history because a new 787,000 square foot plant in Memphis is costing money before it's full. Underneath that, BASX margins went up to 30%.
$VRT is the safer one. Service revenue, 5,000 field engineers, every hyperscaler as a customer. $AAON is the earlier one. Three customers, a plant to fill, and a growth rate nobody's paying for. Wellington bought $230M of it in August and is now the largest active holder.
Average targets: $VRT $340, $AAON $120. Both good upside from here.
I like both. https://x.com/CKCapitalxx/status/2103471633176383837
## @Ric_RTP (Ricardo) · 09-25 10:03 · ♥32 ↻14 💬6 Nvidia found a way to sell itself its own chips and book it as growth.
Jensen Huang calling the risk "hearsay" is the only thing keeping the scheme alive.
Let me show you the loop:
Nvidia takes about $100 billion of its own cash and invests it in OpenAI, Anthropic, and Elon's xAI.
Those companies spend that money buying Nvidia chips. Nvidia books the purchase as revenue and posts record sales. The record sales push Nvidia's stock to $5.3 trillion, the most valuable company on Earth.
And that soaring stock becomes the collateral and the currency that funds the next round of investment into the very same customers.
Round and round it goes. The money leaves Nvidia's left pocket and comes back in its right pocket, and the market treats the round trip as brand-new demand.
Now here's the problem with a machine like this:
It only spins while everyone believes. The demand has to look real, the future has to look bright, and the customers burning billions have to look like winners. A loop like this has exactly one enemy, and it's fear.
A competitor can't stop it. A regulator can't stop it.
Only fear can.
The day the market decides AI might slow down, or might be dangerous enough to pause, the loop runs in reverse. The stock falls, the collateral shrinks, the investments sour, and the cash-burning customers can't buy another chip.
When Jensen calls a 10% chance of catastrophe "hearsay, not grounded in science," when he insists we accelerate and never slow down, when he swears the labs he funds are "extraordinary," he is doing exactly one thing: He is defending the one belief his entire machine runs on.
Fear is the only thing that can break him, so he goes on television to break the fear first.
That's why I think he's the calmest man in AI. Everyone else is exposed to whether the technology works. Jensen is exposed to whether you stay confident. And your confidence is the most valuable thing Nvidia owns, worth more than any chip in any data center.
So when the most conflicted man in the industry swears the danger is imaginary, I hear a man guarding a machine. And the machine only lives while you stay calm. > 引用 @pequityresearch: Jensen Huang wants to accelerate the development of AI technology for safety.
"We need to accelerate the AI technology for safety. I see the incidents so far as an engineering issue."
More AI safety technology = higher compute demand
Via @CNN
$NVDA https://x.com/Ric_RTP/status/2103425084383748595
## @DiligentPlane (Diligent Plane) · 09-25 15:39 · ♥30 ↻2 💬7 $MOD has some interesting potential in data center cooling
A Hunterbrook investigation uncovered internal project details involving Google and Amazon, along with a 1MW liquid cooling unit Modine is developing to meet NVIDIA’s requirements
If Modine qualifies the unit, it could open up a new revenue stream supplying cooling equipment for AI servers
This is why I’m so bullish on the opportunity. Article in replies https://x.com/DiligentPlane/status/2103509767364751837