Nebius Group N.V. (NASDAQ:NBIS) traded at around $237 on October 7, down 5.09% on the day, though still 88.38% higher over twelve months. Revenue grew 454.00% in the most recent quarter while capital expenditure reached $11.14 billion. Spending eight times annual revenue on equipment is the entire question about whether this business has a moat at all. READ ALSO: NVIDIA (NVDA) vs. Broadcom (AVGO): Which AI Chip Stock Has the Stronger Moat?What is Nebius Group's (NBIS) Economic Moat, and is it Widening or Narrowing? Renting Out Somebody Else's Chips: Nebius buys accelerators and sells access to them by the hour. The chips come from the same supplier its competitors use, and the customers can move a workload to another provider in an afternoon.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.