Its financial results beat expectations — yet its stock plunged nearly 17%.
Facts: Nebius (NBIS) reported Q3 2026 revenue of $980.8 million, up 571% year over year and above consensus of around $907 million; EPS was -$0.13, much better than expectations of -$1.24 (Motley Fool, Nov. 12; confirmed by ad-hoc-news, Nov. 13). But the stock closed at $128.64 on Nov. 12, down 16.84% for the day. The reasons: 2026 guidance was cut to the low end of the $3.0–3.4 billion range, the $7–9 billion run-rate target was pushed from December 2026 to February 2027 because third-party data center capacity was delayed until the first half of 2027, and 2026 capital expenditure was raised to around $27 billion from $20–25 billion. For 2027, management projects capital expenditure of $40–45 billion and revenue of $12–13 billion.
Market context: The S&P 500 fell 0.35% and the Nasdaq fell 0.39% (Nov. 13, 00:00 UTC, KuCoin Daily) — AI stocks were repriced after news of Nvidia’s CEO stepping down, and NBIS, with the most aggressive spending, fell the furthest.
What I’m watching: whether the delayed capacity comes online in the first half of 2027.
My take: this is a “not a demand problem, but a delivery problem” story — demand for AI computing remains strong, but what matters now is who can bring capacity online on time. It’s the same message weighing on BTC this week: the market is punishing growth promises that are delayed, not demand that has disappeared.
Do you think AI stocks with big spending plans but delays like this are worth waiting for, or should they be avoided until the capacity actually comes online?
This is my analysis, not financial advice — always DYOR.
#SahamAS #AI
Facts: Nebius (NBIS) reported Q3 2026 revenue of $980.8 million, up 571% year over year and above consensus of around $907 million; EPS was -$0.13, much better than expectations of -$1.24 (Motley Fool, Nov. 12; confirmed by ad-hoc-news, Nov. 13). But the stock closed at $128.64 on Nov. 12, down 16.84% for the day. The reasons: 2026 guidance was cut to the low end of the $3.0–3.4 billion range, the $7–9 billion run-rate target was pushed from December 2026 to February 2027 because third-party data center capacity was delayed until the first half of 2027, and 2026 capital expenditure was raised to around $27 billion from $20–25 billion. For 2027, management projects capital expenditure of $40–45 billion and revenue of $12–13 billion.
Market context: The S&P 500 fell 0.35% and the Nasdaq fell 0.39% (Nov. 13, 00:00 UTC, KuCoin Daily) — AI stocks were repriced after news of Nvidia’s CEO stepping down, and NBIS, with the most aggressive spending, fell the furthest.
What I’m watching: whether the delayed capacity comes online in the first half of 2027.
My take: this is a “not a demand problem, but a delivery problem” story — demand for AI computing remains strong, but what matters now is who can bring capacity online on time. It’s the same message weighing on BTC this week: the market is punishing growth promises that are delayed, not demand that has disappeared.
Do you think AI stocks with big spending plans but delays like this are worth waiting for, or should they be avoided until the capacity actually comes online?
This is my analysis, not financial advice — always DYOR.
#SahamAS #AI