After lagging behind some (few) other providers, now Nebius has claimed the fastest (and lowest latency) position for Kimi K3 in the latest Artificial Analysis measurement.
Did Arkady just said this in the call?
We are experiencing the worst month (in record since this index started in 1999) for US high beta momentum stocks.
This has been painful as hell specially that it came out of nowhere/no material news (Nebius on the contrary had good news this month) but if AI stocks were to face a correction/re-set I rather have a brutal quick one (crash style as never recorded before, like this one) than a long slow-bleeding one, time will tell.
Nebius share price has been crashed along the entire basket (partially or largely algo-driven?) yet when it continues showing execution, performance and new contracts (a.o. this 12th August earnings) it will get differentiated from the pack and get a separate re-rating on its own merits, and in parallel also benefit from the basket re-rating.
It is challenging to reconcile the MS Base Case range of $130 to $300 (as per this article) with the analyst's chosen target price of $144.