$NBIS
I’ve spent all day going back and forth on Nebius, asking myself whether I should trim some of my long shares or add more at these levels.
The guidance wasn’t as amazing as some of us hoped, but the quarter was the best in the company’s history. Revenue came in at $980.8M against ~$907M expected, adjusted EBITDA was $465.8M at about a 47% margin, and they’re already profitable on an adjusted basis while building at full speed.
Compute prices have gone up all year, demand keeps showing up, and a slower ramp only pushes revenue out a quarter or two. At ~127, the stock is back near where it was trading a week ago.
If I weren’t already in this name, the risk-reward is good enough that I’d be adding here, even with the softer guide.
Are you buying, holding or selling after the ER?
I’ve spent all day going back and forth on Nebius, asking myself whether I should trim some of my long shares or add more at these levels.
The guidance wasn’t as amazing as some of us hoped, but the quarter was the best in the company’s history. Revenue came in at $980.8M against ~$907M expected, adjusted EBITDA was $465.8M at about a 47% margin, and they’re already profitable on an adjusted basis while building at full speed.
Compute prices have gone up all year, demand keeps showing up, and a slower ramp only pushes revenue out a quarter or two. At ~127, the stock is back near where it was trading a week ago.
If I weren’t already in this name, the risk-reward is good enough that I’d be adding here, even with the softer guide.
Are you buying, holding or selling after the ER?