$NBIS is up 83.43% YTD but I still think the upside is just beginning. Most investors would look at a stock that’s nearly doubled in six months and assume the easy gains are over. I don’t. I think Nebius is just getting started. This isn’t a story about chasing momentum. It’s a story about what happens when a company combines world-class engineering, customer obsession, capital discipline, and full-stack control, all aimed at solving the single biggest bottleneck in AI: infrastructure. No debt. Over $1.4B in cash. Zero reliance on any one customer. And a founder who has built a multibillion-dollar platform before and is clearly doing it again. Vertical integration done right Nebius doesn’t rent space in someone else’s data center. It builds its own. The company designs custom racks in collaboration with NVIDIA. It owns and operates GPU-optimized, hyperscale data centers in Finland, Kansas City, and Iceland. A massive 300 MW facility in New Jersey is underway. A new site in Israel has just been greenlit. All of it is purpose-built for AI workloads. Not general-purpose cloud. The result is structural cost and performance advantages. Better cooling. Faster deployment cycles. Tighter hardware-software integration. Energy efficiency on par with top-tier hyperscalers. Most AI infrastructure providers are selling raw compute. Nebius is selling outcomes. The company offers everything from bare-metal GPU clusters to a complete AI cloud platform with integrated orchestration, inference-as-a-service, observability tooling, and API access to open-source models. Its AI Studio already serves over 60,000 developers. The cloud platform shipped nearly 50 software upgrades in Q1 alone. Kubernetes, Slurm, MLflow, DStack, SkyPilot. All supported. All optimized for AI workloads. This is a software company disguised as a cloud platform. And that’s exactly what makes it so powerful. It starts with infrastructure. But the real moat is experience. Execution is exceeding guidance In their March call, management guided for $220M or more in ARR. They delivered $249M. In April, they hit $310M. For full-year 2025, guidance stands at $750M to $1B ARR. If current trends hold, that may prove conservative. Revenue for Q1 came in at $55.3M. That may seem light, but it misses the bigger picture. ARR ramped hard during the quarter, and the timing of contract start dates muted revenue recognition. Profitability, however, showed clear progress. Adjusted EBITDA came in at negative $62.6M, ahead of expectations by over 30 percent. The core business is expected to be breakeven by Q3. Adjusted EBITDA will turn positive in the second half. They are doing exactly what you want to see in a scaling infra business: ramping top line, managing burn, and delivering leverage, all while maintaining discipline. Founder-led with full alignment This is not another GPU reseller racing to undercut pricing. This is founder-led infrastructure execution. Arkady Volozh built Yandex into a $30B tech ecosystem across search, cloud, e-commerce, and AI. He left the company over geopolitical reasons and brought hundreds of engineers with him. Now he’s building Nebius. And he’s all in. He owns a significant stake and has over 90 percent of his net worth tied to the company’s success. hat alignment shows up in how they operate. Nebius is engineer-first, customer-centric, and focused on solving real bottlenecks with real infrastructure, not financial engineering. You’re buying the whole ecosystem And when you buy NBIS, you’re not just getting the AI cloud. You’re getting exposure to multiple high-upside bets. Avride is their autonomous vehicle and delivery robotics platform. Already partnered with Uber, Grubhub, and Hyundai. Completing over 1,200 robot deliveries per day. A 100-vehicle fleet is launching by year-end. Management believes Avride is worth billions and is actively exploring third-party investment. Toloka is their AI data labeling business, already working with Microsoft, Shopify, and Anthropic. It just secured strategic investment led by Bezos Expeditions. Revenue doubled year over year in Q1. TripleTen is their EdTech and tech reskilling business, growing 144 percent year over year. It’s expanding across Latin America and now booking early B2B revenue. And then there is ClickHouse. Nebius owns 28 percent of it. ClickHouse is currently raising at a $6B valuation. That makes their stake worth roughly $1.68B. If monetized, this could fund years of infrastructure expansion without touching the equity base. Demand is just getting started These aren’t side projects. These are strategic assets. Each could move the needle materially on value. But the real story remains the core platform. GPU supply is constrained globally. Hyperscalers are hitting capacity limits. And demand for high-performance compute isn’t slowing. It’s compounding. Nebius is meeting that demand not with shortcuts, but with scale. They are actively deploying H200s, preparing for Blackwells, and building toward 100 MW of contracted capacity by the end of 2025. They’re not just meeting demand. They’re ahead of it. And the customers are coming in waves. Today it’s AI-native startups and model builders. Tomorrow it’s enterprises and frontier AI labs. Beyond that, it’s national-level AI infrastructure programs. Governments around the world are now funding their own AI initiatives and looking for sovereign compute providers. Very few companies are in position to serve them. Nebius is. There are not many businesses in public markets with this level of control over their stack, this level of customer traction, this kind of financial position, and this kind of alignment at the top. They are targeting 30 percent EBIT margins at scale. Adjusted EBITDA turns positive this year. Their GPU depreciation schedule is more conservative than peers like CoreWeave. They have committed to limiting dilution by leveraging their subsidiaries and investments for capital. And they have the firepower to do it. Between Avride and ClickHouse alone, there are billions in optional liquidity on the table.This is not a story of explosive revenue with no path to profitability. This is disciplined, full-stack cloud infrastructure execution with optionality everywhere you look. And right now, it is still misunderstood. I’m not here to guess what the stock does next week. But I am very confident that three years from now, most people will look back at this period and realize this was the inflection. The infrastructure is being built. The contracts are being signed. The customers are scaling. The engineering team is delivering. I will be opening a large position Monday.

Building wealth $100 at a time | Episode 24 $NBIS still #1 of course youtu.be/52HG6h1y8oY?si=dI56…

I don't think $NBIS will ever be replaced as #1 Here is my full public account weightings: Again this is my PUBLIC account where i show peeps how to grow a concentrated yet responsible account and that it only takes $100 a week. My private accounts which i would never recommend are much more degen.

WOW $NBIS New creative sources of highly efficient capital coming soon.. Wonder who it could be

Opening Statement. 🇺🇸

USA 🇺🇸 World Cup baby

ANOTHA ONE 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

LFGGGG 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

$NBIS Joins the Nasdaq-100 And That's Not Even the Most Important News youtu.be/RnA_Z3fuNgY?si=H5hs… via @YouTube

We better have British broadcasters for our game🇺🇸 Makes it that much better 🤌

How will the market react when $NBIS hits $20B in ARR in 2027 and $10B of that is from their HIGH margin AI cloud biz? $50B is peanuts if that happens.

What a finish 🇨🇦🇨🇦

WHAT A SAVE FROM BOSNIA OMG 🇧🇦

🐐🐐🐐🐐🐐

Here's my interview with Christian Monberg. CTO of Zeta Global. Inside Zeta's Technology Stack & AI Strategy. This conversation dives into the infrastructure powering $ZETA. We discuss... Zeta's owned data infrastructure. - The future of the OpenAI partnership. - The Business Intelligence segment. - The company's technology stack. - Building a consumer ontology. - Its long-term AI strategy. - The SaaS narrative. From proprietary data to enterprise AI, this interview explores what differentiates $ZETA beneath the surface. 🔗 Full interview: youtu.be/ZrDVqpb5rBE Always a pleasure, @chrismonberg. $ZETA

Easy run ✅ GET YOUR WORKOUT IN

She running $NBIS

WOW $NBIS Read that again. 50% from hyperscalers, 50% from their own AI Cloud $4-$5B in ARR from their own cloud… literally becoming another hyperscaler

Poor $ADBE omg

Anthropic Needs 1 GW of Compute. $NBIS is Perfectly Positioned Goldman Sachs rasies PT to $267 $NBIS wins an AI Award?!? Chamath likes $NBIS?? youtu.be/BxzFqOptpGk?si=zJhq…