Home Earnings Analysis Tech  Summary Nebius Group N.V. is pursuing multi-billion-dollar AI infrastructure mega deals, including a new up to $27B Meta contract, while targeting a 6.4x ARR jump to $8B in FY26. A severe GPU shortage and strong demand have doubled year-long contracts and driven a 50% QoQ ASP increase, supporting Nebius’s pricing power across both new and older GPUs. To fund an estimated $18B FY26 capex toward 3GW capacity, NBIS has about $10B liquidity, leaving a roughly $7.2B funding gap that investors must monitor. Nebius must deliver about 45% 8-year revenue CAGR to support the current valuation, while consensus implies an even steeper path, making execution risk and revenue beats critical. NBIS shares appear to be breaking out above key monthly resistance on a bullish engulfing pattern, suggesting potential upside if the technical breakout holds. marekuliasz/iStock via Getty Images Performance assessment I've had an initial bullish view on Nebius Group N.V.…