$NBIS hasn't been touched since withdrawing at $289.
Because I somehow felt it wasn't at the market's core.
It's not a fundamental reason; when looking at the overall market, it feels offset from the core.
I don't think this is the end, but for now I wasn't caught.

Nebius Group NV (Derivatives) (NBIS)
Nebius Group NV (Derivatives) NBIS Price History USD
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Originally $NBIS was rebounding nicely these two days, but Meta announced its entry into the cloud computing/AI computing power market, causing it to crash -13%!
I can feel the sentiment of $CRCL holders from yesterday!
Llama performed so poorly that it can't use that much compute; Mark Zuckerberg can only rent out compute, similar to Elon Musk's xAI situation.
But AI compute resources have been scarce in recent years, this is just a short‑term downside, continue holding! https://t.co/n37dFiwRFH
Bought $NBIS and it's down 2wu, help! https://t.co/sPZa2FFBee
$NBIS
$NBIS is down 10% following reports that $META is developing a cloud business to sell access to excess AI compute.
This was something that had been expected for a long time.
Meta has been pushing CapEx as aggressively as possible because any potential excess capacity could always be resold later anyway. Mark Zuckerberg said as much back in May.
It doesn’t change anything for $NBIS IMO.
Quick reminder: Nebius has a $12B contract with Meta, plus a $15B backstop. And according to Nebius’ management, they don’t expect to use a single dollar of that backstop for Meta. Instead, that capacity should be sold to enterprise customers at higher margins, because the demand is clearly there.
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