NBIS · Nebius Group N.V.
AI read · Good for NBIS
The AI's read
Nebius reported Q2 revenue up 454% to $582.3M, $236.2M adj-EBITDA and four deals averaging >$1B, plus Blackwell capacity clearing 15% above prior rates. That combo is raw demand plus pricing power. The market already moved, with NBIS up ~8.4% and RSI 63.75, so some upside is priced but not fully stretched. Volume is heavy and shares sit well above short-term averages, which reduces immediacy of follow-through. Bottom line: we lean bullish. Strong growth, durable pricing and 50%–60% prepaid CAPEX in deals noticeably derisk near-term capacity expansion and cash needs.