Nebius quietly stretched GPU depreciation to 5 years, questioning a Bernstein report
kevinsxu · x · 2026-10-09
Kevin Xu points out that Nebius extended its GPU depreciation lifespan from 4 to 5 years at the start of this year, and questions whether a reportedly Bernstein research report reflects this — calling the work 'very shoddy'. Longer depreciation schedules directly flatter reported profits, a key accounting detail often missed when analyzing AI cloud providers' financials.
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