Nebius Q2: A Moment Of Caution (Downgrade)

  • Nebius Group N.V. stock has surged over 80% since May, making its valuation less attractive and highly growth-dependent ahead of Q2 earnings. Aggressive industry spending and fierce competition for AI talent may force NBIS to increase OpEx and CapEx, adding further risk. Despite a strong Wall Street consensus and potential upside, I recommend holding NBIS stock for now due to elevated risks before earnings.