Research Feed
NBIS — No Alpha, No Allocation
Verdict: KILL. No position at current levels. Active monitoring for factor-driven re-entry. Nebius Group N.V. ($NBIS) is a European-domiciled AI cloud infrastructure company built from Yandex's carcass. $24.8B market cap. Revenue grew 547% YoY to $228M in Q4 2025. ARR $1.2B. Guidance: $3.0-3.4B reve