[Filing Overview](index=1&type=section&id=Filing%20Overview) This section provides identification details of the Form 6-K filing by NEBIUS GROUP N.V. and its purpose [Report Identification](index=1&type=section&id=Report%20Identification) Identifies the Form 6-K filing by NEBIUS GROUP N.V. on April 30, 2025, as a foreign private issuer report - Company: **NEBIUS GROUP N.V.**[1](index=1&type=chunk) - Filing Type: **Form 6-K**, indicating the registrant files annual reports under Form 20-F[1](index=1&type=chunk)[2](index=2&type=chunk) - Filing Date: **April 30, 2025**[1](index=1&type=chunk) [Purpose of Filing](index=2&type=section&id=Purpose%20of%20Filing) Furnishes Exhibit 99.1, a press release announcing Nebius Group N.V.'s Q1 2025 results and conference call - The report furnishes **Exhibit 99.1**, a press release[3](index=3&type=chunk) - The press release announces the date of the Company's results and conference call for the **first quarter ended March 31, 2025**[3](index=3&type=chunk) [Exhibits](index=2&type=section&id=Exhibits) This section details the exhibits included in the filing, specifically Exhibit 99.1, a press release [Exhibit 99.1 - Press Release Details](index=2&type=section&id=Exhibit%2099.1%20-%20Press%20Release%20Details) Exhibit 99.1, a press release by Nebius Group N.V. on April 30, 2025, announces Q1 2025 results and conference call - **Exhibit 99.1** is a press release of Nebius Group N.V.[5](index=5&type=chunk) - Date of press release: **April 30, 2025**[5](index=5&type=chunk) - Content: Announcing the date of the Company's results and conference call for the **first quarter ended March 31, 2025**[5](index=5&type=chunk) [Signatures](index=3&type=section&id=Signatures) This section provides the official signatory information for the Form 6-K filing, confirming its authorization [Signatory Information](index=3&type=section&id=Signatory%20Information) Signed by Boaz Tal, General Counsel for NEBIUS GROUP N.V., on April 30, 2025, confirming report authorization - The report is signed on behalf of **NEBIUS GROUP N.V.**[8](index=8&type=chunk) - Signatory: **Boaz Tal, General Counsel**[9](index=9&type=chunk) - Date of signature: **April 30, 2025**[9](index=9&type=chunk)

Nebius Group N.V. (NBIS) shares have lost 24.2% over the past three months, underscoring broader and company-specific challenges.  The broader market volatility over the past month has been due to the tariff and trade tensions between the United States and other countries, especially China. Though President Trump’s announcement of a 90-day pause on reciprocal tariffs and hinting at a possible de-escalation with China cheered investors, the volatility is far from over. Apart from that, company-specific facto ...

Group 1 - Nebius Group (NASDAQ: NBIS) is an emerging AI infrastructure company that is vertically integrated, designing its own data centers, building its own racks, procuring its own compute, and deploying its own AI software layer [1] - The company's operations require core competencies that span several areas, indicating a comprehensive approach to AI infrastructure [1]

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Group 1 - The article introduces Nebius Group as a promising opportunity in the AI sector, suggesting it is well-positioned to benefit from the AI megatrend [1] - The analysis indicates a beneficial long position in Nebius Group shares, highlighting investor confidence in the company's future performance [1]

Core Insights - Nebius Group (NBIS) stock has experienced a pullback of approximately 16%, presenting an opportunity for investors to accumulate shares near the recent private placement price of $21 backed by institutional investors like Nvidia [1] Company Analysis - The company has a proven track record in scaling businesses, demonstrating smart capital allocation and insider ownership [1] - Nebius Group shows consistent revenue growth and credible guidance, indicating strong management [1] Market Positioning - The company possesses a strong technology moat and first-mover advantage, which are critical for maintaining competitive positioning [1] - Nebius Group benefits from network effects that drive exponential growth and has achieved market penetration in high-growth industries [1] Financial Health - The company exhibits sustainable revenue growth with efficient cash flow, supported by a strong balance sheet and a long-term survival runway [1] - Nebius Group avoids excessive dilution and financial weakness, which is essential for maintaining investor confidence [1] Investment Strategy - The investment methodology focuses on identifying high-conviction opportunities with a core position strategy of 50-70% in stable plays, 20-40% in high-risk growth bets, and 5-10% in speculative moonshot disruptors [1]

Core Insights - Nebius (NBIS) is a full-stack AI neocloud that is making significant advancements in the GPU infrastructure sector, with its platform and software fully optimized for machine learning workloads, distinguishing itself from major hyperscalers [1] Group 1: Company Overview - Nebius focuses on providing a comprehensive AI cloud solution, specifically tailored for machine learning applications, which sets it apart from traditional cloud service providers [1] Group 2: Industry Context - The company’s approach contrasts sharply with that of the largest hyperscalers, indicating a niche market strategy that may appeal to specific segments of the AI and machine learning industry [1]

Core Insights - Nebius Group N.V. (NASDAQ: NBIS) has experienced significant volatility, with its stock initially surpassing $50 per share before declining over 58% [1] Group 1: Company Performance - The stock of Nebius Group N.V. has shown a dramatic decline after reaching a peak, indicating potential instability in its market performance [1] Group 2: Analyst Perspective - Daniel Sereda, a chief investment analyst, emphasizes the importance of filtering vast amounts of data to identify critical investment ideas, reflecting the challenges faced by investors in the current market [1]

Core Insights - A company has resumed trading on NASDAQ after a 2-year hiatus, generating quarterly revenue of $38 million while holding $2.5 billion in cash [1] Company Overview - The company recently returned to the NASDAQ, indicating a potential recovery or strategic repositioning after a significant absence [1] - The substantial cash reserves of $2.5 billion suggest strong liquidity and potential for future investments or acquisitions [1] Financial Performance - The company reported quarterly revenue of $38 million, which may indicate a stable revenue stream despite the previous trading suspension [1]

Core Viewpoint - Nebius Group N.V. (NBIS) has experienced a significant decline in its stock price, dropping 24.6% over the past month, which is a stark contrast to the minor declines in the broader market indices [1][3]. Group 1: Reasons for Underperformance - The primary reason for Nebius Group's underperformance is the divestment of its stake in Yandex at a heavily discounted price of RUB 475 billion ($5.2 billion), which is 50% below the fair market value of the assets [3]. - Following the divestment, Nebius Group lost several high-margin businesses, including Search, Advertising, Mobility, E-commerce, Food Delivery, and Cloud Services, retaining only its international AI and cloud-focused division [4]. - The company's net loss increased to $136.6 million in Q4 2024, up from a loss of $94.2 million in Q3 2024, indicating ongoing financial struggles [5]. Group 2: Financial Estimates and Analyst Sentiment - Analysts have adjusted their bottom-line estimates for Nebius Group, widening the expected loss for 2025 by 20 cents to $1 per share, reflecting a pessimistic outlook [6]. - Current estimates for the upcoming quarters indicate a loss of $0.39 for Q4 2024 and $0.41 for Q1 2025, with the full-year loss for 2024 projected at $1.10 [7]. Group 3: Operational Challenges - Nebius Group faces operational challenges due to the extended lead times for customer deals, which require prolonged proof-of-concept testing and complex contract negotiations [8]. - The reliance on semiconductors in the AI market exposes the company to regulatory risks, including potential U.S. tariffs on the EU, which could disrupt supply chains and increase costs [9]. Group 4: Competitive Landscape - Nebius Group competes with established cloud service providers like Amazon, Microsoft, and Alphabet, which have more robust financial resources and established AI-centric cloud platforms [10][13]. - Unlike Nebius Group, these competitors have developed their own hardware solutions, such as Alphabet's Tensor Processing Units, giving them a competitive edge in AI and machine learning services [12]. Group 5: Technical Indicators - Technical indicators for Nebius Group suggest a bearish trend, with the stock trading below the 50-day moving average, indicating potential further downside [14]. Group 6: Conclusion - Given the operational and competitive pressures, along with weak financials, it is suggested that investors should avoid Nebius Group stock at this time [16].