$NEBIUS(NBIS)$ Not saying this isn't painful to watch. But supply and demand still apply here. If there's less supply of data centers, that's only going to push the price of compute even higher. In my view, this may actually benefit NBiS long term.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
You are correct in pointing out the supply and demand basics. But we should also not forget about valuations.
Fact is all the AI stocks have gone to the moon with the public valuation of their stocks. A re-rating at some point is very normal.
Still, if the shortage of chips were the first drivers of the AI rush earlier, the compute shortage may very well be the next drivers for the AI service plays. Only time will teveal…..
Good luck.