Nebius: Positioning For Massive Moves

  • Nebius Group N.V. is a hypergrowth AI infrastructure play, with explosive revenue and ARR growth, but significant cash burn and operating losses that pose substantial risk. Traditional valuation is less relevant now; the focus is on continued top-line growth and scaling, with eventual market demand for profitability. Expansion plans support a bullish long-term thesis for NBIS stock, but volatility, short interest, and substantial execution risk are present.