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NBISNebius Group N.V.

ReduceElevated riskTechnology

Nebius: hypergrowth AI cloud, hyperscale funding needs

Q2 showed faster AI-cloud growth and stronger margins, but a new convertible financing and share issuance keep per-share funding risk central. The living report now weighs the improved operating tape against revised valuation and option-liquidity evidence.

Reviewed Sep 4, 20261 update

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