NBIS · Nebius Group
AI read · Neutral
The AI's read
Nebius jumped after blowout Q2 numbers and is now trading near its all-time high. Revenue rose 454% in Q2 to $582 million and management says 2027 capacity can be sold out today. The stock is already up 190% YTD and moved +8.9% today, so much of the headline is priced in. RSI sits at 63.75, so momentum exists but the valuation now embeds aggressive growth. The rally mixes real demand with huge cash burn and 25.6% short interest, creating two-way risk. We lean neutral because upside to new highs looks limited while funding and competition risks are real.