Nebius: Why The Real Risk Isn't In Washington

Nebius Group N.V. remains a Strong Buy after a 20% selloff, which I view as sentiment-driven and overdone. NBIS's limited U.S. exposure and global data center footprint reduce its vulnerability to potential U.S. political headwinds. Valuation is compelling: NBIS trades at 2.3x–3x FY27 sales, with revenue estimates ranging from $12B to $17B and >200% growth potential.