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Stock impact report

Nebius: Why The Stock Is Trapped In Consolidation [Seeking Alpha]

Nebius Group N.V. - Class A Ordinary Shares (NBIS) 
Company Research Source: Seeking Alpha
NBIS trades near $87, below the $92.50 equity raise, with technical, behavioral, and options-related barriers capping upside near $100. September 2025 financing raised $4.2 billion, including $2.75 billion convertibles at $138–140, creating a psychological and mechanical dilution overhang. Q3 2025 GAAP net loss reached $119.6 million, with $432.4 million operating cash burn year-to-date amid aggressive infrastructure buildout. Institutional ownership remains near 48% with 105.6 million shares held, while analysts maintain a $151 average target, implying ~73% upside. Jian Fan/iStock via Getty Images Investment Thesis Nebius Group ( NBIS ) has already crossed a threshold that most AI infrastructure startups never reach. It has secured hyperscaler-scale contracts, raised capital at institutional depth, and locked in multi-year demand visibility, placing it structurally ahead This article was written by Analyst's Disclosure: I/we have a beneficial long position in the sha Show less Read more
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