Nebius Group (NBIS) your new AI baby that's set to double or triple

This company used to be Yandex (the Google of Russia) but with Ukraine sanctions it was temporarily delisted before appealing to Nasdaq and agreeing to sever all ties with Russia in order to be relisted. They're Netherlands-based now, making their business *very* cool and *very* legal. Market cap is currently 6.55 billion and Yandex previously reached a valuation of 31 billion back in 2021--you do the math (with the shitty little calculator you keep on your desk). Does 2+2 still equal 4? Then it's a buy, brother. **BROTHER**.

And on Monday it was announced that NVDA and a few others dumped $700 million into the company:

>09:03 AM EST, 12/02/2024 (MT Newswires) -- Nebius Group (NBIS) announced Monday a $700 million private placement financing with participation from Accel, NVIDIA, and Orbis Investments.

>The company said the funds will support the company's global expansion of full-stack AI infrastructure, including large-scale GPU clusters, cloud platforms, and AI development tools.

>The financing involves issuing 33.33 million Class A shares at $21 each, a 3% premium to the recent average trading price.

>Proceeds will bolster Nebius' AI-native infrastructure, such as its Nebius AI Studio and build-to-suit data centers.

>Accel Partner Matt Weigand has been granted board observer rights and will be nominated as a director in 2025.

>Following strong trading activity since October, Nebius has canceled plans to repurchase its Class A shares.

I don't know about you guys, but I trust NVDA because Jensen once signed a woman's boobs and that's what I look for in a CEO.

~~Position: 2,500 shares at $30.20 and 10 Dec $35 calls (as a treat)~~

~~Calls are pretty expensive so I think shares are the strat here but grabbed some Dec calls for fun yesterday when they were still kind of reasonable (up over 50% at the moment).~~

**Position update as of 1/28/25:**

**3650 shares at $31.65**

**50 Feb calls at $40 strike**

**14 March 7 calls at $30 (Likely will let these exercise at expiry as long as they're itm)**