Акции Nebius Group выросли на 175% за год, но инвесторы опасаются роста долговой нагрузки

Акции Nebius Group подскочили на 175% за последний год благодаря рекордному росту выручки и переходу к прибыльности, однако после коррекции на 37% некоторые инвесторы выражают опасения по поводу высокого уровня долга. Несмотря на скептицизм в отношении кредитного профиля компании, аналитики считают, что расширение маржи EBITDA делает акции привлекательными для покупки на фоне снижения.

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Nebius Group (NBIS) stock has witnessed a strong rally of 175% in the last 12 months. This rally has been backed by stellar top-line growth, a swelling contracted backlog, industry tailwinds, and EBITDA-level profitability in the most recent quarter. Amidst the bullish momentum, there are two points worth noting. First, NBIS stock had touched all-time highs of $299.9 in June 2026. From those levels, there has been a correction of 37%. More News from Barchart - Don't Assume Micron Will Share SanDisk's Fate. Here's Why. - The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance - Rocket Lab Investors Have Plenty to Cheer Ahead of Q2 Earnings Today - Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Further, even after a deep correction, there appears to be some skepticism related to the company's valuation and credit profile. Recently, Michael Burry disclosed a short position in Nebius Group that was initiated at $211.77 per share. Burry believes that leverage risks linked to off-balance-sheet commitments are rising and can translate into downside for stocks like NBIS and Oracle (ORCL). As of March 2026, Nebius reported $8.4 billion in debt. Additionally, the operating lease liability of $1 billion implied a total debt of $9.4 billion. The company also raised $775 million through debt financing in July 2026. While $10.2 billion in debt seems like a concern, credit metrics are likely to improve on the back of robust growth and EBITDA margin expansion. NIBS stock seems worth accumulating on declines. About Nebius Group Headquartered in Schiphol, Netherlands, Nebius Group is a global AI cloud platform delivering a unified full-stack AI cloud that spans the complete AI journey—from compute capacity to software and services. The company is therefore an enabler of fast and efficient training and inference at scale. The company's offering includes an integrated suite of AI and ML cloud solutions, including both hardware and software built in-house. Nebius Group includes Nebius along with two distinct businesses that operate under separate brands: Avride, a leading developer of autonomous vehicles and delivery robots; and TripleTen, a leading edtech platform reskilling people for careers in tech. For FY25, Nebius Group reported revenue of $529.8 million, which was higher by 479% on a year-on-year (YoY) basis. For the same period, the company's adjusted EBITDA loss narrowed to $64.9 million as compared to $226.3 million. However, for Q1 FY26, the company reported $399 million in revenue and a positive adjusted EBITDA of $129.5 million.