Just In: Nebius Group N.V. (NASDAQ; $NBIS) Spike 5.61% YesterdayThe price of Nebius Group N.V. (NASDAQ; NASDAQ:NBIS ) Spike 5.61% in Thursday's market trading extending the gains to premarket session on Friday.
NASDAQ:NBIX is up 2% in Friday's premarket session amidst growing interest in the AI tech giant.
For NASDAQ:NBIX , if it manages to break the ceiling of the wedge formed- that is the $170 resistance, NASDAQ:NBIX will be set for a move to the $200 pivot.
Similarly, failure to achieve that fit might resort to a drawback to the $90 range shaking weak hands before picking liquidity up.
Nebius have received a haircut of 40-60% in recent weeks.
NBIS stands out for the highest ARR projections and a lower forward P/S ratio than Iren.
AI hosting demand is likely still underestimated by Wall Street, and further large contracts add to the investment thesis.
We believe NBIS stock could rise significantly in 2 years and still trade at a fair valuation, supported by technicals, despite execution and broader economic risks.
About NBIS
Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the Netherlands, Europe, North America, and Israel. The company offers Nebius builds full-stack infrastructure for AI, including large-scale GPU clusters, cloud platforms, and tools and services for developers. It also provides Toloka, a data partner for various stages of generative AI development; TripleTen, an edtech platform for re-skilling individuals for careers in technolgy; and Avride.
Nbitcoin
finally closed another 4hr candle above the descending channelExciting to see we have closed another 4hr candle aboe the descending channels top green trendline. We need to be cautious here...as the alst time we closed above the channel the very next candle instantly dropped down under it and it took us about a day before we had the momentum to rise above and close above the channel again. Watch for the channel line to hopefully have switched from a line of resistance to a line of support this time around...if we get a bounce up off of the green trendline that's a very good sign that we might even close our 1 day candle above the trendline. All we would need then to confirm the breakout is for the very next 1 dayc andle to also close above it. AIf all that can occur then it's all systems go...but for now it is still very possible that we could see this upcoming candle act just like the other 4hr follow up candle acted the last time we closed above the trendline. If the trendline is now acting as support my guess is the top fib extension line at 10900 is where are biggest current resistance will lay. Tread carefully out there until we can determine legitimate resistance and support lines.

