🚨 $NBIS has reportedly signed an LOI to secure a significant portion of a planned 600 MW AI gigafactory in Rotterdam, Netherlands. The project, developed by VOLT, is expected to require €7B in investment for its first 200 MW phase alone. Still early days, but potentially another significant addition to Nebius’ expanding European infrastructure pipeline. Source: De Telegraaf

Those who have missed out on the AI trade have been desperate for it to end. It’s hilarious watching the mental gymnastics some people go through just to avoid admitting how strong demand for compute still is.

$OMDA estimates keep moving in one direction. At IPO, 2026 consensus was: $265M revenue ($5M) EBITDA Today: $339M revenue $26M EBITDA Since the start of the year, 2027 consensus moved from $373M to $408M revenue and $15M to $38M EBITDA. These charts will only get better.

It's late 2026 and some investors are still freaking out over pre-planned insider sales? Ophir was at Nebius Inflection and participated in management's Q&A with sell-side analysts. I was there, and I can tell you he was probably the most bullish person in the room. This reminds me of the FUD on X back in September 2025, when Arkady announced a pre-planned share sale. The stock was trading at ~$65 at the time, and that was right before Nebius announced a contract with Microsoft.

🚨 JUST IN: $NBIS has acquired Inferize, an AI inference optimization startup, to strengthen its Token Factory production inference stack. Inferize’s technology is designed to reduce model “cold starts”, the time it takes for AI models to load before they can begin serving requests. That can leave GPUs sitting idle during demand spikes, new instance launches, or model updates. By integrating Inferize’s technology and engineering team into Token Factory, Nebius says it aims to improve GPU utilization, make capacity more elastic, reduce inference costs, and serve more customer demand from the same infrastructure.

🚨 $RKLB just landed its largest-ever commercial Electron deal. The company will launch 20 new Electron missions for Synspective. The agreement pushes Rocket Lab’s launch backlog to more than 100 missions.

Q3 Portfolio Update just published. As promised, I’ll keep sharing a public recap at the end of every quarter. YTD: +50.2% vs. +12.7% SPY Since inception: +712.3% vs. +65.7% SPY I’m proud of the results so far, but also a little frustrated because I know I could have performed much better this year. Still, mistakes are part of the process. The goal is to learn from them, keep improving, and stay focused on the long term. Cheers! 🥂

🚨 $NBIS is reportedly eyeing another acquisition. Calcalist, Israel’s leading financial newspaper, reports that Nebius is exploring the acquisition of an Israeli company in a deal valued at $100M-$150M. No other details were disclosed.

🚨 AIB Data Centers signs a contract with $NBIS for 50 MW of AI data center capacity in the U.S. The contracted capacity is supported by AIB’s previously announced 15-year Electric Service Agreement covering 65 MW of utility load at the site, with no significant additional electrical infrastructure upgrades required. AIB expects to deliver the capacity across two data halls. “Time-to-power is the binding constraint on AI infrastructure today, and AIB’s existing power position gave us a clear path to bringing this capacity online on a timeline that works for our customers. This agreement adds dedicated capacity in the southeastern U.S. for training and inference workloads.” — Andrey Korolenko, Head of Infrastructure at $NBIS

I'm far from a biotech expert, and I don't own $QURE (but I do have a small $CLPT position). Am I the only one who thinks the 44% headline misses important context? From what I've read, AMT-130 still seems to have a credible path to approval. Curious to hear other views.

$NBIS' Béthune data center is expected to bring its first capacity online by mid-October, with a second phase targeted for early January 2027. Azur Datacenter CEO says Nebius’ first customer for the project hasn’t been named, but is “a big one.” 🤔 He says the second customer is Meta. The numbers behind the project: • 45 MW available for the first phase • 240 MW targeted at full buildout • €8B tied to the first two phases • €16B of total Nebius investment Azur says the site will have gone from initial construction to live operations in roughly 10 months, unusually fast for infrastructure at this scale. Béthune is a notable example of brownfield redevelopment for AI infrastructure. The former Bridgestone factory is being converted into a high-density AI data center. There’s still one major constraint: power. The site initially has ~45 MW available from the grid, while the permanent connection needed to reach 240 MW is reportedly around three years away. In the interim, Azur plans to supplement capacity with up to 110 MW of gas generation. Source: La Voix du Nord

BNP Paribas estimates $NBIS can generate ROIC of >25% at $20M in annual revenue per MW, rising to >60% ROIC at $40M per MW for GB300 deployments. The firm also sees the potential for a similar scarcity cycle with Vera Rubin, which could imply $60M in annual revenue per MW and a one-year payback period in an extreme bull case, particularly as demand ramps for new models trained on NVIDIA's latest hardware.