Nebius Group NV

NBIS remains in a confirmed Stage 4 decline with sequential lower highs and lower lows under declining EMAs. The medium-term bias is bearish, reinforced by an active Support Failure pattern signaling loss of buyer support. Short-term price is extended below the 9, 21, and 50 EMAs with no exhaustion signals, supporting immediate Sell Now engagement.

• ↑Q1 revenue jumped 684% YoY to $399M, limited by capacity.
• ↑Adjusted EBITDA margin improved to 32%, up from a loss last year.
• ↓Valued at 75× sales, risking a steep multiple contraction.