I have further increased my position in Nebius Group. The reason is not short-term share price fantasy, but a combination of structural AI demand boom, clear positioning and strong statements in the CEO's Q3 report.
Why Nebius remains exciting for me:
🚀 Exploding AI demand
Nebius once again reported that the available GPU capacity was completely sold out. Demand is currently clearly outstripping supply - a key signal for pricing power and future growth.
🏗️ AI infrastructure as a bottleneck in the coming years
AI models are getting bigger and bigger → computing power is becoming a limiting factor. This is precisely where Nebius comes in:
- own data centers (USA & Europe)
- Internal development of servers & racks
- Focus on high-performance GPU clusters (NVIDIA Hopper / Blackwell)
🤝 Strong validation by partners
Nebius is an official NVIDIA Cloud Partner and has high-profile customers (including Meta & Microsoft-related projects). Deals like this don't come by chance - they are a vote of confidence in technology & reliability.
🧠 CEO statement from Q3 (key message)
The CEO deliberately refers to 2025 as a "build year". Infrastructure, energy, GPUs and software stack will be prepared to scale strongly from 2026.
👉 A classic pattern for me: high investments in the short term, operational leverage in the long term.
💰 Financial clout
Over USD 4 billion in liquidity + access to capital markets. This enables aggressive growth without immediate existential dilution pressure.
⚖️ Risks are there - but priced in
Yes: high competition, CapEx-intensive business, regulatory issues.
But: The share is currently valued as fair, although analysts continue to expect strong sales and margin growth.
My conclusion:
Nebius is not a short-term trade for me, but a high-conviction growth bet on AI infrastructure. If AI continues to scale, computing power will not become optional - but mandatory. This is exactly where Nebius is positioned.
📌 Not investment advice - just my personal assessment.
What do you think of Nebius? Buy, hold or stay away?
