Is Nebius a Buy After Last Week's Earnings? Here's My Honest Take

Nebius Group N.V. (NBIS) reported 454% quarter-over-quarter revenue growth in its latest earnings, driven by surging demand for AI infrastructure. The stock fell 8.28% on the trading day despite the strong results, highlighting volatile sentiment around high-growth AI data center plays.

DLocal Limited (DLO) and Nu Holdings Limited (NU) also reported earnings last week. The combined results underscore continued momentum in both AI infrastructure buildout and fintech platforms, though investor focus has centered on companies directly exposed to data center capacity expansion.

The earnings cluster arrives as AI infrastructure stocks face valuation pressure after months of aggressive gains. Nebius operates GPU cloud infrastructure and AI-focused data centers, positioning it alongside private competitors like CoreWeave, Inc. (CRWV) in the race to meet enterprise demand for training and inference compute.