May. 24 at 5:59 AM
$NBIS weekly recap.The setup is now hard to ignore. Nebius is sitting on roughly
$46B in contracted backlog, anchored by a
$27B five-year Meta deal and a
$19.4B Microsoft agreement, with Nvidia as a strategic backer (
$2B equity investment) underwriting the bigger ambition: deploying more than 5GW of capacity by the end of 2030. Microsoft deliveries are on time & will continue to be with power secured.
This week's catalysts kept it moving:
A Bloom Energy fuel-cell agreement worth up to
$2.6B of guaranteed power — Nebius locking in the electricity to actually build into that backlog.
All riding the Q1 blowout: revenue ~
$399M (+684% YoY) and a swing to profit, which pushed Citi to a Street-high
$287 target.
Sorry but no Russell 1000 listing for so we await for Nasdaq 100 in december.
The real moat is the combination of signed hyperscaler demand &
$BE secured power. That second piece is what most neoclouds can't get, and Nebius is solving for both at once.
Credit: https://toptechstocksus.substack.com
