Nebius (NL) shares
Investment Thesis
NBIS has collapsed 36.7% in the past month from all-time highs above $276, creating a potential mean-reversion opportunity as the stock finds support near $177. The fundamental AI infrastructure thesis remains intact — Nebius is a pure-play European GPU cloud provider benefiting from secular AI capex demand — and the selloff appears driven by broader semiconductor valuation correction and profit-taking rather than company-specific deterioration. At current levels, the risk/reward favors a recovery toward prior consolidation levels as AI infrastructure spending continues to accelerate.
Why It May Work
Why It May Not Work
Timeline
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