Core Viewpoint - Nebius Group NV, backed by Nvidia, has seen a significant drop of over 24% in its stock price over the past five days, but institutional traders are viewing this decline as a buying opportunity rather than a cause for concern [1]. Group 1: Stock Performance and Market Sentiment - The put-call volume ratio for NBIS is at 0.42, indicating a bullish sentiment with approximately 88,519 call contracts traded compared to 36,925 puts [2]. - The open interest ratio stands at 0.58, with 423,943 calls versus 247,421 puts, further suggesting a strong inclination towards bullish exposure [2]. - While retail traders are selling off, institutional investors appear to be accumulating shares, interpreting the current dip as a "shakeout" rather than a breakdown [3]. Group 2: Company Valuation and Assets - Nebius has a market capitalization of just under $30 billion, which is considered modest given its portfolio of high-growth assets, including an AI infrastructure platform and an autonomous driving firm [4]. - The company also holds a 28% stake in ClickHouse, a rapidly growing analytics platform, leading some investors to view the stock as a bundled AI ETF available at a significant discount [5]. Group 3: Demand and Future Outlook - The Chief Revenue Officer has stated that the company's momentum is extraordinary, with demand and future opportunities expected to exceed previous reports [6]. - The current selloff is perceived as a technical adjustment rather than a fundamental issue, with the market potentially testing investor conviction before a rebound [6]. - Overall, while retail investors may be anxious, institutional players are strategically positioning themselves for future gains [7].