NBIS
Nebius Group N.V.

Nebius Group N.V.NBIS

Communication Services · Internet Content & Information
129.49USD
+7.58%
Nov 08, 2026
NBIS overview ready
Operator of GPU-Dense AI Cloud Infrastructure for Frontier AI
Nebius is a vertically integrated AI-cloud operator that develops and operates GPU clusters, AI-focused cloud software and data-center capacity.
Theme not measured
Neo Clouds has no leadership state this session.
Price trend is broken
Longer-term context reads new trend, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
Nebius Group N.V.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
High leverage and associated financial risk.
Market Nov 6Price action Nov 7Research Sep 29

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction1.4BusinessPerformance—BusinessQuality—Valuation3.5ThemeMomentum—Business Performance not yet available.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Neo Clouds — Neo Clouds has only one or two priced members — no leadership state
Its economic family, Computing & Data Center Infrastructure, reads Lagging (−27.4pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads new trend, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$35.2B
Avg Volume (60D)
20.2M
60 sessions
Revenue Growth YoY
+460.9%
Trailing twelve months
Gross Margin
+74.3%
Operating Margin
-49.3%
Trailing twelve months
Free Cash Flow Yield
-27.3%
Distance from 200DMA
-27.4%
Next Earnings
2026-11-12
EV / EBITDA
144.1x
EV / Sales
27.3x
Market metrics as of Nov 7, 2026

Business Performance

Business Quality

Not assessed

Not assessed — the company files under a regime the financial record does not cover yet.

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
Nebius Group N.V. has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.

Company Research

Thesis
Nebius is a vertically integrated AI-cloud operator that develops and operates GPU clusters, AI-focused cloud software and data-center capacity.
Opportunity
High opportunity
Buildout of GPU-dense AI cloud capacity and the contracted, energized data-center sites required to host it, driven by demand for training and inference compute from frontier-model developers, enterprises, and hyperscalers.
Key risk
High leverage and associated financial risk.

Economic classification

Loading the economic classification…

Business & Markets

Communication Services · Internet Content & Information
What they do

Nebius Group N.V. Develops and operates vertically integrated AI cloud infrastructure, including GPU clusters and AI-focused cloud platforms, serving global AI industry customers primarily in the US and UK. It also maintains businesses in edtech and autonomous driving technology.

How it earns

Revenue is primarily generated through contracted AI cloud capacity services and platform usage fees.

Products & services
AI cloud infrastructure with large-scale GPU clusters
TripleTen edtech platform for technology reskilling
Avride autonomous driving technology
Customers & end markets
AI model developers and enterprises requiring AI compute
Hyperscale cloud operators
Technology professionals seeking reskilling
Market position

Niche vertically integrated AI cloud operator focused on GPU-dense infrastructure.

Demand drivers
Medium cyclicality

Demand for AI compute capacity is driven by technology investment cycles and enterprise AI adoption trends.

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