$NBIS

Billionaire Stephen Mandel's Lone Pine Capital opened new positions in Nebius Group (NBIS) and Seagate Technology (STX) in Q2. NBIS is the largest holding, with $1.18B invested, while STX saw $965.1M invested. NBIS reported a 454% revenue increase YoY to $582.3M, driven by high demand for AI cloud services. However, the company faces risks related to high capital expenditures and potential delays in data center construction.

CoreWeave (CRWV) and Nebius Group (NBIS) are AI infrastructure companies building clouds around Nvidia (NVDA) hardware. CoreWeave focuses on large-scale AI cloud with 1.5 GW active power, while Nebius partners with infrastructure providers to reduce capital needs. Nebius has a $12B deal with Meta (META). Both companies are raising capital to support growth.

CoreWeave (CRWV) and Nebius Group (NBIS) are involved in circular financing with Nvidia, raising concerns among investors. CoreWeave's revenue grew to $2.5B last quarter, but it has $35B in debt. Nebius reported $582M in revenue, up 454% YoY, and plans significant capital expenditures. Both companies rely on Nvidia's support and future AI demand to sustain growth.

Ilya Sutskever, OpenAI co-founder, warned neoclouds like CoreWeave, Nebius, and IREN could become cybersecurity targets if AI agents operate autonomously. Palo Alto Networks CEO Nikesh Arora offered assistance. CoreWeave, Nebius, and IREN reported significant revenue growth in AI cloud services. Shares of these companies were down 1.3% to 1.5% in overnight trading.

Nebius Group (NASDAQ:NBIS) raised its year-end contracted power target to 5 GW, up from 3 GW in February. Q2 revenue grew 454% YoY to $582M. The company's AI cloud deals average $20M-$25M annual contract value per megawatt. Nebius has a market cap of $56B and expects $20B-$25B in capital expenditures for 2023.

Nebius Group (NBIS) reported 454% revenue growth in Q2, with $37.5B in remaining performance obligations. Three customers account for 59% of revenue. The stock is up 146% YTD, but faces risks like high customer concentration, capital intensity, and a forward P/E of 68. Management raised its power target and noted potential to sell 2027 GPU capacity. Analysts have mixed views on the stock's valuation and future performance.

Nebius (NBIS) has $40B in contracted demand, with revenue growth supported by customer-funded expansion. Investors focus on execution and financing amid aggressive infrastructure build-out.

Oracle (ORCL) fell 4% to $142.82, and Nebius (NBIS) dropped 3% as the 10-year Treasury yield rose to 4.8%, increasing borrowing costs. Oracle's debt-funded AI infrastructure expansion leaves it sensitive to rate hikes, with $56B in fiscal 2026 capex funded by $43B in debt. Cloud ETF SKYY declined 2%, while broader tech (QQQ) fell 1%.

Nebius Group (NBIS) and CoreWeave (CRWV) are AI infrastructure companies experiencing rapid growth. Both reported strong Q2 results, with Nebius growing 454% YoY to $582M and CoreWeave up 112% YoY to $2.6B. CoreWeave has a $104B backlog, while Nebius' is estimated near $50B. Nebius' stock is up 146% in 2026, while CoreWeave's has gained 18%. Analysts note differences in valuation and risk profiles for investors.

Nebius stock fell 4.7% to $196.61 amid sector headwinds and market-wide losses. Nvidia's reported decision to end revenue-sharing agreements and Nebius's $5.75B convertible notes offering raised concerns. Analysts note stretched valuation despite 454% revenue growth. Broader market declines also impacted the stock.