Following a remarkable 454% revenue increase in Q2, NBIS's CEO claims the company could sell its entire 2027 capacity immediately; a leading market strategist humorously advises, 'Ignore Michael Burry.

NBIS · Nebius Group N.V.

The AI's read

Nebius delivered a jaw-dropping Q2: revenue +454% to $582.3M, AI cloud +514% YoY, record adjusted EBITDA and large prepaid deals. CEO says they could sell "entire 2027 capacity today," showing real pricing power. The market already reacted hard, with the stock up ~28.8% and the price near $259, so a lot of the headline upside looks baked in. That run reduces upside asymmetry unless management gives a clear expansion and capex cadence. We lean NEUTRAL. Big company-specific beat but macro is consolidating and the stock has already rerated, so wait for capacity timing or guidance to add conviction.