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-0.00208980102093977 -0.00135118241483488 -0.00145848525888114 0.0185435982914887 -0.0162516928846755 -0.00281279299927086 0.00916762162725279 0.0065183873320137
Stock impact report

Nebius: The Devil Is In The Details [Seeking Alpha]

Nebius Group N.V. - Class A Ordinary Shares (NBIS) 
Company Research Source: Seeking Alpha
billion, lending credibility to up to $3.4 billion revenue and $9 billion ARR in 2026. However, the accompanying step-up in capex to $16-20 billion this year risks contradicting investors' growing demand for scalable AI returns, especially as Nebius faces higher sales and customer acquisition costs. While demand remains resilient, the stock's comparable premium to Big Tech hyperscalers reflects increasing expectations for ROI and FCF inflection, which hasn't yet been proven scalable nor durable at Nebius. Although positive operating cash flows support near-term funding needs, they remain heavily timing-driven by customer prepayments rather than tangible earnings accretion, potentially undermining durability to the stock's current premium. Getty Images Nebius Group N.V. ( NBIS ) has delivered a strong Q4 earnings report that continue to support momentum through 2026, given resilient AI compute demand and pricing dynamics. Specifically, the company's full year annual recurring Show less Read more
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