Yesterday I published my revised Nebius Investment Case!
I upgraded the valuations of Avride and ClickHouse.
And looked at the implications of the $17.4B agreement with Microsoft.
In this report, I will present a new valuation model that takes into account the deal, higher valuations, and the newly revealed future Alabama data center.
Let’s take a look.
1. Is Nebius still a BUY?
2. Valuation Model
3. Conclusion
1. Is Nebius still a BUY?
Nebius, the stock is up over 340% YTD, so is it still too late to join the party?