Nebius $NBIS


Currently valued at $44B with a 9x return since March of last year. Is it worth $100B? I think we're still very early in the AI infra buildout so it's possible
But when other AI infra names like $CIFR $APLD $CIFR $WULF $CLSK are still worth a fraction of this I can't justify a position. Just not good risk/return from these levels.
Maybe it closes the gap with $CRWV at ~$70B but if I was a current shareholder I'd be looking to sell some long-dated covered calls on $NBIS for $200-250+ for EOY or 2027.
I think it's prudent and would allow one to maintain alot of optionality on upside while banking on some of the elevated volatility
From a technical perspective, it's had a very bullish reversal given that there were 2 check backs to the 1.414 fib (Dec '25 and Feb this year) and it's blown past the prior ATH from Dec. While it's approaching a resistance level at $176, the path to $260 does become real if it can sustain this rally w/multiple weekly closes above prior ATH and $176
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