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Ophir Gottlieb

CEO of CMLviz, Former Options Market Maker

12 Aug, 17:21Latest

Nebius is starting to look like an emerging AI hyperscaler with a credible way to fund its buildout. Q2 revenue was $582M, ARR reached $3B and the core AI business earned a 50% adjusted EBITDA margin; capacity is sold out, pricing is rising, and management thinks all 2027 capacity could be sold today. Four new contracts averaging over $1B pay about $20-25M per MW, with prepayments covering 50-60% of related capex. The open question is whether it can stop relying on repeated equity raises. x.com

NBIS

George Koutalidis

Angel Investor, Board Director at Cardisio

26 Oct

NBIS

Nebius could be one of the few neoclouds to survive and thrive in a shakeout because it can finance expansion while weaker rivals struggle. Its new $3.5B Citi facility bolsters capital access; Nebius says prepayments on roughly 70% of Q2 deals covered 50-60% of related capex. Its integrated cloud and NVIDIA collaboration strengthen its platform; Palantir may bring enterprise demand but has yet to yield revenue. The Citi facility matures in 364 days; delivery and returns remain risks. x.com

Kyle Reidhead

CEO & Analyst of Milk Road/Milk Road AI

22 Oct

NBIS

Nebius's new financing addresses funding fears around its compute buildout. Its $3.5B Citi facility funds data centers and GPUs, and over $40B of long-term contracts with investment-grade customers offers more borrowing capacity. Bank of America says funding is covered through 2026 and reiterates Buy and a $310 target, expecting the shares to double; it estimates about $18B of new capital for 1 GW in 2027, potentially less with customer prepayments. x.com

Rittenhouse Research

AI Infrastructure, Data Centers, Neoclouds, Software & Fintech Research

25 Oct

NBIS

Nebius's recently signed higher-margin deals are predominantly with pre-revenue neolabs, making it aggressive to project a few small, short-term contracts' economics across all available capacity for years. Short-term economics are very attractive now, and Nebius management has better insight into demand, but assuming all these customers renew at similar or better terms indefinitely seems unrealistic. x.com x.com x.com

Alex A.C.

Value/GARP Investor, Semiconductor & Financial Analysis, Electronics MEng

28 Oct

NBIS

Nebius' software efficiency and a possible end to heavy AI financing support a re-rating. Per @DrTomsLens, its engineers got about 43% more video output from the same GPUs, cutting compute cost per second by 30%; newer hardware alone is not enough without capable software teams. Oracle expects to fund growth from free cash flow in FY2029, suggesting capital-heavy AI providers may eventually outgrow debt and dilution. Google Cloud reported 103% revenue growth amid strong AI infrastructure demand. … Show more

Jay Yoon

Founder & Portfolio Manager of Summit Ridge Capital Management

27 Oct

NBIS

Nebius's already-raised cash and expected customer prepayments should buffer its 2027 plans against a short-term debt-market freeze. Rising GPU rental prices could put new deals at $35m+/MW annually, up from last quarter's $20m-$25m, reducing estimated payback from 22 months to around a year. If Nebius deploys 1 GW next year at a one-year payback, equity value creation could be tremendous. x.com

Danny Marques

Bitcoin/AI Investor Relations at OG Advisory Group, Research at Finblueprint

14 Oct

NBIS

Nebius's integrated AI cloud offers a substantial long-term opportunity beyond simply controlling powered land as training and inference demand expands. It builds data centers and GPU clusters and runs networking, storage and customer software; Microsoft and Meta have multi-year commitments. The correction after a 10x rise is unfolding, but deeper price targets have not been reached; the next 6-12 months could offer a more attractive entry than near the highs. x.com

Joel

Long-Term Growth Investor & Options Trader

20 Oct

NBIS

Nebius's $40B-plus customer commitments and funding resources make its growth seriously underappreciated, despite financing risk. Q2 revenue grew 454% to $582M; Microsoft and Meta contracts total $29.4B, with another potential $15B from Meta. Against roughly $5.7B of Q2 capex, Nebius had about $8B cash, expects over $9B in 2026 customer prepayments and subsequently raised about $5.75B in convertible notes. It is one of the more compelling long-term AI infrastructure opportunities right now. … Show more

Audit The Herd

CPA, Corporate Finance Professional

15 Oct

NBIS

Nebius has pricing power because its hard-to-build AI infrastructure and software serve enterprise clients who cannot find capacity elsewhere. It owns some data centers and land but has mostly operating leases; the share of active compute at owned sites is unspecified. It looks like the best infrastructure play despite slight skepticism about its path to profitability and valuation, and would work even if capex slowed 20% or the cycle paused. x.com x.com x.com

Frank Curzio

Founder & CEO of Curzio Research, Wall Street Unplugged Host

20 Oct

NBIS

Rising debt costs squeeze Nebius's capital-intensive AI compute rental model. Elice's Korean IPO collapse highlights the risk for companies that raise money to buy chips and rent them out when money stops being cheap. Prefer operators with signed cash-rich tech customers or power they own outright; these companies are not all alike. x.com

Joel

Long-Term Growth Investor & Options Trader

26 Oct

Contracts, operating rental revenue and access to capital should let five neoclouds survive consolidation as debt tightens. IREN combines customer contracts with $14B of cash, committed GPU financing and prepayments; Nebius has over $40B of commitments and a new $3.5B Citi facility. Cipher has begun HPC rent and funded Stingray; TeraWulf has a long Anthropic lease and cash; Applied Digital has $36B of contracted base-term leases and 250MW operational. Musk warns many other neoclouds may fail. … Show more

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