Overview
- The stock fell nearly 15% earlier in the week before recovering to finish about 2% above the prior Friday’s close, according to S&P Global Market Intelligence.
- The early slide followed investor anxiety over rising debt loads used to fund AI infrastructure buildouts across the sector.
- A Citigroup upgrade on peer CoreWeave with an estimated near‑doubling of upside helped drive a sectorwide rebound late in the week.
- Nebius continues to guide for annual revenue run rate to rise from roughly $1 billion to $7 billion to $9 billion by the end of 2026, and current valuation reflects that outlook.
- The company reports negative net debt despite adding borrowings this year, yet its growth depends on customers sustaining large multiyear commitments that could be delayed or reduced.