Core Points - Goodman Group held its 2025 Annual General Meeting, marking 30 years since its listing on the ASX [3] - The company reported a 12.8% increase in operating profit for FY '25, reaching $2.3 billion, marking the 15th consecutive year of growth [3] Group Structure - The meeting was attended by key directors including CEO Greg Goodman and Company Secretary Carl Bicego, along with independent directors from various regions [2][3] - Independent directors from New York, Hong Kong, and Europe also participated in the meeting [3]

Core Insights - Nebius reported a higher net income loss than expected for Q3, with a loss of nearly $120 million compared to $43.6 million a year earlier, while revenue increased by 355% to $146.1 million, excluding discontinued operations [2][3] - The company announced a significant agreement with Meta Platforms valued at approximately $3 billion over five years for artificial intelligence compute infrastructure [2][3] - Nebius also launched an equity offering of 25 million Class A shares to raise capital for data center build-outs [3] Company Performance - Nebius stock fell 1.9% to 107.88 after the earnings report, despite a 264% increase in 2025 prior to the report [5] - Wall Street analysts had predicted a net income loss of $97 million for Nebius on revenue of $155 million, indicating a larger-than-expected loss [3] - The stock has a Composite Rating of 56 out of a best possible 99, reflecting mixed investor sentiment [8] Industry Context - Nebius operates in the cloud computing sector, providing servers equipped with Nvidia AI accelerators primarily to AI model builders and app developers [4][7] - CoreWeave, a competitor, reported better-than-expected earnings but lowered its guidance for full-year revenue and capital spending due to capacity delays, causing its stock to drop over 10% [6] - The AI infrastructure market is seeing significant activity, with Nebius and CoreWeave being key players in providing necessary computing resources [9]

Core Viewpoint - Nebius Group reported significant revenue growth but also wider losses due to increased capital expenditures for AI infrastructure development, while securing a major deal with Meta Platforms for AI services [1][2][4][7]. Financial Performance - Revenues for the third quarter reached $146.1 million, a 355% increase year-over-year, with a year-to-date revenue increase of 437% from $56.3 million in 2024 to $302 million in 2025 [4]. - The company reported a net loss of $119.6 million, a 174% increase from last year's loss of $43.6 million, with an adjusted net loss of $100.4 million compared to $39.7 million in the same quarter last year [4]. Capital Expenditures and Infrastructure - Nebius spent $955.5 million on capital expenditures in the quarter, up from $172.1 million a year ago, and has plans to increase its data center power capacity from 220 megawatts to between 800 megawatts and 1 gigawatt by the end of 2026 [5]. - The CEO emphasized that 2025 is a foundational year for future growth, aiming for a strong position in the AI cloud market by 2026 [6]. Strategic Partnerships - The company announced a $3 billion deal with Meta Platforms to provide AI infrastructure over five years, following a previous deal with Microsoft valued between $17.4 billion and $19.4 billion [2][7]. - Both deals are expected to significantly impact Nebius' financials by 2026, aiding in data center expansion and profitability [8]. Market Outlook - Nebius anticipates an annualized run rate revenue between $7 billion and $9 billion by the end of 2026, positioning itself as a key player in the rapidly growing AI market, projected to expand from $279.22 billion in 2024 to $3.5 trillion by 2033 [7][8].

Core Insights - The AI boom is significantly impacting corporate balance sheets, with Nebius Group NV indicating that future growth will rely on debt financing rather than just GPU resources [1][2] - Nebius is following a trend seen in major tech companies like Meta and Oracle, which are increasingly using bond markets to finance their AI expansions [2] - Nebius has sold out of its capacity and plans to reach 2.5 gigawatts of contracted power by 2026, necessitating billions in upfront investment [3] Industry Trends - Nvidia is emerging as a key player in financing AI projects, having supported over $100 billion in compute-related initiatives [4] - The AI and data center sectors are projected to constitute over 20% of the global investment-grade bond market by 2030, indicating a shift towards credit as a critical resource for AI development [5] - The competitive landscape of AI is evolving, with a focus not only on hardware capabilities but also on the ability to secure financing for growth [5]

Core Insights - The AI boom is significantly impacting corporate balance sheets, with Nebius Group NV indicating that future growth will be financed through debt rather than GPUs [1][2] - Nebius is following a trend seen in major tech companies like Meta and Oracle, which are increasingly using bond markets to finance their AI infrastructure expansions [2] - Nebius has sold out of capacity and plans to reach 2.5 gigawatts of contracted power by 2026, necessitating billions in upfront spending [3] Industry Trends - Nvidia is emerging as a key player in financing AI projects, having supported over $100 billion in compute-linked initiatives [4] - The AI and data center sectors are projected to constitute over 20% of the global investment-grade bond market by 2030, indicating a shift towards credit as a primary funding source [5] - The competitive landscape of AI is evolving, with a focus on borrowing capabilities to acquire necessary resources rather than solely on hardware availability [5]

Core Insights - Nebius Group NV is experiencing a unique challenge of excessive demand, leading to a situation where the company is "learning to say no to customers" due to sold-out capacity [1][4] - Revenue for Nebius surged 355% year-over-year to $146.1 million, despite missing topline estimates, primarily due to a capacity bottleneck rather than weak demand [2][3] - The company plans to scale to 2.5 gigawatts of contracted power by 2026, with significant demand from both large tech clients and smaller startups [2][4] Demand and Capacity - Nebius is facing a "capacity bottleneck," which is limiting its growth potential, as all deployed resources are sold out [3] - The demand imbalance is not only from major clients like Meta and Microsoft but also from smaller startups, indicating a broad market interest [4] Financial Outlook - The company has raised its 2026 Annual Recurring Revenue (ARR) outlook to between $7 billion and $9 billion, with more than half already booked [5] - Expansion efforts are heavily reliant on capital, permits, and the pace of the power grid, highlighting the challenges of scaling operations [5]

Core Viewpoint - Nebius Group N.V. shares are experiencing a downward trend following the company's earnings report, with traders eyeing a potential support level at $98.50, which was previously established in October [1][4]. Group 1: Stock Performance - Nebius Group's stock is currently trading lower, prompting traders to look for a bottom around $98.50, a level that previously acted as support [1]. - The stock had rallied after finding support at $98.50 in October, indicating a potential for a similar rebound if the price reaches this level again [1][4]. Group 2: Trader Behavior - Some traders who sold their shares are experiencing remorse and are considering repurchasing at the same price they sold, indicating a psychological aspect to trading decisions [3]. - If Nebius continues to trend lower and hits the $98.50 mark again, a significant number of buy orders could emerge, potentially creating support at that level [4]. Group 3: Market Dynamics - Stocks often rally off support levels when buyers become anxious and start bidding against each other, which can lead to an upward price movement [5]. - Successful traders monitor how stocks behave after reaching important support levels, positioning themselves accordingly for potential reversals [6].

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [1][2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive is committed to adopting technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Core Viewpoint - Nebius Group N.V. (NBIS) has been identified as a long-term investment opportunity, with a public buy rating issued at $46 in early July, and shares have continued to rise since then [2]. Group 1: Company Overview - Nebius Group N.V. is highlighted as a promising investment, with a focus on long-term growth potential [2]. - The investment team, Quad 7 Capital, consists of seven analysts with diverse expertise in business, policy, economics, mathematics, game theory, and sciences [2]. Group 2: Investment Strategy - The investment approach emphasizes both short- and medium-term investments, income generation, special situations, and momentum trades [2]. - The team aims to educate investors on market dynamics and trading strategies, providing in-depth research with clear entry and exit targets [2]. Group 3: Benefits of Membership - Membership in BAD BEAT Investing offers various benefits, including access to well-researched trade ideas, chat rooms, daily analyst summaries, and options trading education [2].

Core Insights - Nebius Group (NASDAQ:NBIS) shares increased by 5.8% to $103.53 despite a larger-than-expected net income loss and revenue miss for Q3, driven by a $3 billion AI infrastructure deal with Meta Platforms [1] - The company recently secured a $19 billion deal with Microsoft in September, indicating strong partnerships in the AI sector [1] Stock Performance - NBIS shares have pulled back from an October 10 record high of $141.10 but are supported by a $100 floor and an ascending 50-day moving average [2] - The stock has surged 300% since January, reflecting significant growth [2] - Short interest has decreased by 5.2%, accounting for 10.9% of the stock's total available float, or 22.54 million shares, indicating a potential shift in market sentiment [2] Volatility and Trading - Nebius Group stock tends to outperform options traders' volatility expectations, with a Schaeffer's Volatility Scorecard (SVS) rating of 87 out of 100 [3]