Dutch Nebius is the Phoenix of the AI cloud

[Sijoittaja-alokas]

According to the tweeter, Nebius’s stock isn’t essentially stuck because the market doubts the story, but because the stock is constrained by its financial structure. According to them, the worst of the hype is already behind us, “paper hands” have exited, and the shareholder base has “stabilized.”

Valuation is reportedly no longer driven by price charts but by the debt market; Nebius secured billion-scale financing for its bonds at a low interest rate, which reflects institutional investor confidence.

The stock’s performance has been more sluggish because the bonds convert at a high level, and rallies then trigger another wave of selling.

Once GPU investments start generating revenue, the pressure will begin to ease according to the tweeter, and the stock can thus price itself more freely.

So why does the stock feel heavy?

Because those bonds convert near $138.
Rallies trigger mechanical hedging, not fear.

https://x.com/yianisz/status/2004958333032182224

[Sijoittaja-alokas]

This tweet is about how Europe is trying to break free from its 90 percent dependency on US cloud giants. I wonder if this brings a different edge to Nebius…

Authorities in Austria, Germany, and France are seeking digital sovereignty by taking IT operations etc. into their own hands.

https://x.com/JKeynesAlpha/status/2006480063395701172

[karhulalainen]

@Sijoittaja-alokas

I wonder if this brings something of a different caliber to Nebius…

In the big picture, the whole thing is more about politicians polishing their own image than anything concrete. But Nebius is Dutch, after all, so through it one can engage in some “euro-washing”. Microsoft is still building at a high pace in Espoo, and Google’s sixth data center in Hamina has been completed; the seventh is already impressively standing with condensers pointing toward the sky, and according to rumors, contracts for the eighth data center project have been signed. I think US companies build compromises for European needs as required, politicians can claim they have succeeded, and companies and the public sector get to use the technology they need and that actually works.

[Sijoittaja-alokas]

Thanks again @karhulalainen for the excellent comments.

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Here is a tweet regarding the industry, stating that new cloud service companies such as Nebius and IREN are growing at a frantic pace, but investors are now waiting for concrete evidence of actual profitability. According to the tweet, share prices have declined due to tax-loss selling and various doubts, but on the other hand, large investors have been increasing their holdings.

One of the points of the tweet is likely that if the companies succeed in their goals and deliver the expected results, the current decline in share prices could offer a significant opportunity to add to positions in the long run.

https://x.com/aleabitoreddit/status/2006013108817678779

[Sijoittaja-alokas]

Bank of America believes Uber will engage in a significant robotaxi partnership with an Asian automaker this year.

Nebius’s Avride received $375 million in funding (part of which also came from Uber), and Uber launched Avride robotaxis (Hyundai IONIQ 5) in Dallas in December. Speculation suggests the partner would be Hyundai.

Analysts at Bank of America think that Uber is set to engage a major partnership with an Asian automaker on autonomous vehicles in 2026. I think this is going to be an extension to the partnership between Nebius’s Avride and Uber.

https://x.com/sarfatti_IR/status/2008168174210933223

[Sijoittaja-alokas]

Nebius will be among the first to have access to Nvidia’s latest and most powerful Vera Rubin technology.

This is reportedly the top tier of the AI side, which enables the running of massive AI models. According to the story, the markets rose because Nebius is emerging as Europe’s most significant AI cloud service, with direct access to the market’s “most sought-after” computing power.

@karhulalainen, no rush and apologies for the tag, but there probably shouldn’t be anything surprising here, as there was already talk back in March that they would offer access to NVL72s etc. by the end of 2025? There’s just been a bit of a buzz about this on X at least, so that’s why I’m wondering

https://x.com/StockSavvyShay/status/2008320735660462247

[karhulalainen]

Yes @Sijoittaja-alokas, what you shared above is indeed big news. Something that was already known back in 2025. But the news value now is that at the CES 2026 event in Las Vegas, Jensen Huang has announced that Vera Rubin—Nvidia’s top product, which everyone using and developing AI is waiting for—is now in production. Some might recall there was some friction in getting production started for its predecessor, Blackwell; now, the “goods” seem to be hitting the market in a very well-managed way.

Nvidia CEO confirms Vera Rubin NVL72 is now in production — Jensen Huang uses CES keynote to announce the milestone

Alongside Nebius, Supermicro and CoreWeave also announced they are capable of delivering Vera Rubin as part of their own data center solutions. And I’m sure Iren will likely say the same soon.

But the main point is that Vera Rubin is now reaching users and data centers, and the ongoing AI boom will move forward at least at its previous pace. The Vera Rubin news is undoubtedly significant for Nebius; the growth element that was needed has now been secured. Nebius’s situation is excellent in every respect. I believe it will compete well with Supermicro, Iren, and CoreWeave. This is because it has the founders leading the company, and they are certainly no novices.

[Sijoittaja-alokas]

ClickHouse, which is approximately 28% owned by Nebius, has now announced its major expansion into AI and data infrastructure. The company raised $400 million in a “Series D” funding round, which would imply a valuation of $15 billion.

To accelerate growth, the company acquired the open-source Langfuse platform, which enables more precise monitoring and evaluation of large language models (LLMs); in addition, the company launched a new Postgres service. This integrated solution combines both transactions and analytics, making it easier for developers to build better AI applications on a single unified platform.

SAN FRANCISCO, January 16, 2026–(BUSINESS WIRE)–ClickHouse, a leader in real-time analytics, data warehousing, observability, and AI/ML, announced today the close of its Series D financing, raising $400 million. The round was led by Dragoneer Investment Group, with participation from Bessemer Venture Partners, GIC, Index Ventures, Khosla Ventures, Lightspeed Venture Partners, accounts advised by T. Rowe Price Associates, Inc., and WCM Investment Management.

The financing follows a period of sustained, accelerating growth for ClickHouse. The company now serves more than 3,000 customers on its fully managed service, ClickHouse Cloud, with ARR growing more than 250 percent year over year. Over the past three months, customers including Capital One, Lovable, Decagon, Polymarket, and Airwallex have adopted the platform or expanded existing deployments. These customers join an established base that includes AI innovators and major brands like Meta, Cursor, Sony, and Tesla.

“ClickHouse was built to deliver exceptional performance and cost efficiency for the most demanding data workloads, and this momentum validates that strategy,” said Aaron Katz, CEO of ClickHouse. “As we look toward the future, we are adding support for unified transactional and analytical workloads, so developers can build any type of applications powered by AI on the best technical foundation. And we are expanding our offering to include LLM observability, so AI application builders can evaluate the quality and behavior of AI outputs as they move into production. Additional funding, combined with continued product execution, positions us to deliver the leading data and LLM observability platform in the AI era.”

https://sg.finance.yahoo.com/news/clickhouse-raises-400m-series-d-143000473.html

[Sijoittaja-alokas]

Below is some valuation data from a Nebius bull. He also elaborates on why he sees a major opportunity in the stock, mentioning, among other things, big AI deals, strong growth, the fact that there is still a large backlog of orders, and how analysts believe it has clear upside potential for the coming years. You can find more of his thoughts on these and other topics below:

Why I Bought Friday $NBIS pulled back from $141 to $95. The thesis didn’t. Revenue guidance was raised(capacity target up to 2.5 GW). Contracts were signed (Microsoft, Meta). Backlog is $20B+. Analyst targets are $158-211. The market is giving you 66-122% upside to analyst targets on a company scaling revenue 7-14x in 2026 with $20B in contracted backlog and a net-cash balance sheet. If they hit low-end 2026 revenue ($3.5B): $140-210 per share If they hit high-end 2026 revenue ($7B): $280-420 per share If they hit 2027 revenue ($9B): $288-432 per share I took a large position Friday. This is the AI infrastructure trade for 2026. Still accumulating $NBIS.

https://x.com/AtlasCapitalxx/status/2015091639614627906

[Sijoittaja-alokas]

The European Union plans to increase the funding for its AI gigafactory project to 40 billion euros, with the goal of building ten facilities in various member states.

According to the tweet, the Netherlands and France in particular are strong candidates for locations, due in part to Nebius’ infrastructure. The project aims to boost Europe’s AI capacity, improve self-sufficiency, and attract significant private investment, etc.

The expected €20B in EU funding for five gigafactories could now be increased up to €40B total mobilized with a combination of public and private funding and 10 gigafactories:

“Member states committed €15 billion in public funding matched by private investments totalling €25 billion.”

https://x.com/MB_Hogan/status/2015135412071677963

EU Council approves creation of AI Gigafactories across Europe

[Sijoittaja-alokas]

Nebius has filed a building permit application for a new data center in Birmingham, Alabama.

The city is currently planning a six-month moratorium on new data center projects, but in any case, investors can reportedly breathe a sigh of relief because applications already pending usually proceed under the old rules – according to the tweet. The project would thus seem to be progressing despite potential new restrictions.

https://x.com/mvcinvesting/status/2017926983326351386

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This likely relates to this news from my post in October:

@Sijoittaja-alokas

Financial services firm and investment bank DA Davidson estimates that Nebius is soon to sign a major new agreement with a large cloud giant or AI laboratory.

Specifically, the capacity of the Birmingham, Alabama data center supports this view, and according to the tweet, updated guidance could mean revenues of over $10 billion.

https://x.com/RJCcapital/status/1974170252796653832

[Sijoittaja-alokas]

This tweet speculates that Nebius might expand its operations in France

https://x.com/mvcinvesting/status/2018390659150017002

[Sijoittaja-alokas]

Here is a preview comment tweet about Nebius. Nebius will report its Q4 results next Thursday, February 12th.

The 3 numbers that really matter:

ARR ≥$900M (absolute go/no-go)

Active power ≥120 MW (proof of ramp)

2026 guidance maintained $7-9B (management credibility)

The facts will speak.

https://x.com/Axel_Lynch_Inv/status/2018674437516558781

[Sijoittaja-alokas]

Nebius plans to acquire Tavily for $275 million, at least according to Bloomberg.

Tavily develops search technology that enables AI agents to find up-to-date information. Following the deal, CEO Rotem Weiss and his team will join Nebius. Tavily raised $25 million last year and its current clients include IBM.

Unlike human users who want a list of links and often abandon searches when results are unsatisfactory, AI agents typically request information multiple times as they refine prompts. Additionally, the large language models (LLMs) that power AI services frequently lack recent information or access to company-specific data.

Tavily, whose name resembles the Hebrew phrase for “bring me,” raised $25 million last year from investors including Insight Partners. The company counts International Business Machines Corp. and Cohere Inc. among its customers.

https://www.investing.com/news/stock-market-news/nebius-to-acquire-ai-agent-search-firm-tavily-for-275-million-bloomberg-reports-93CH-4496998