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.
