Up about 38% from my buy zone and still holding. $NEBIUS(NBIS)$  has already moved more than 38% higher from my entry area, and I'm just staying patient with the position. I added an alternative scenario to my chart because markets rarely move in a straight line. A pullback is still possible, especially after a strong run like this. The bigger picture remains interesting as investors continue watching the AI infrastructure and cloud computing space. Short-term, I'm focused on price action, support levels, and how buyers react if momentum cools down. No chasing, no emotional decisions. Sometimes the best move is just letting the trade work. Keeping $NEBIUS(NBIS)$  on watch.

The bigger move could still be ahead. As long as price stays below $30, I see this as an attractive accumulation zone. The setup reminds me of earlier opportunities where patience mattered: $IREN Ltd(IREN)$  around $13, $NEBIUS(NBIS)$  around $51. At the time, many people ignored those levels, and months later the story changed. I believe $WhiteFiber, Inc.(WYFI)$  has the potential to push toward new all-time highs if momentum and execution continue. Bookmark this one. We may look back differently in six months.

$NEBIUS(NBIS)$ Bulls did their job. Price held above the Wave 1 high near $141, keeping the larger bullish structure intact. Now the focus shifts to follow-through. As long as buyers keep defending higher lows and momentum continues to build, the chart suggests Wave 5 could be underway. The long-term technical objective remains around $400 based on the current Elliott Wave structure. Wave 4 appears to have done exactly what corrections are supposed to do — shake out weak hands and excessive leverage before the next trend develops. Now it's up to the bulls to keep control.

$NEBIUS(NBIS)$  $IREN Ltd(IREN)$ $APPLIED DIGITAL CORP(APLD)$ $SanDisk Corp.(SNDK)$ $Micron Technology(MU)$ There's an interesting pattern forming that keeps reminding me of the summer 1998 dotcom melt-up. Back then, dotcom stocks were booming and took a huge correction in summer 1998, with a major fund, Long Term Capital Management, blowing up. Almost 30 years later, we have an AI boom, a big pullback this summer, and now a major fund, Situational Awareness, has blown up. The similarities between the two periods are striking

$NEBIUS(NBIS)$ $IREN Ltd(IREN)$ $APPLIED DIGITAL CORP(APLD)$ $Cipher Mining Inc.(CIFR)$ $TeraWulf Inc.(WULF)$ AMZN posted some pretty strong numbers that look good for infrastructure companies broadly. AWS grew 36.7% year-over-year in Q2, the fastest in 18 quarters. Their AI and Chips businesses each hit run rates above $25 billion. Revenue came in at $200.6B versus estimates of $196.4B, up 20% year-over-year. EPS was $5.75, which included a $53.4B non-operating gain mostly from the Anthropic investment. AWS sales reached $42.2B against an estimated $40.

$NEBIUS(NBIS)$  Looking forward to Apple and Amazon earnings today, hoping they help support the move up.

$NEBIUS(NBIS)$ $IREN Ltd(IREN)$ $APPLIED DIGITAL CORP(APLD)$ $SanDisk Corp.(SNDK)$ $Micron Technology(MU)$ So maybe there's still a bit of hope left. Looking at the current market compared to the Dotcom Boom, there were plenty of insane pullbacks back then too. I remember the January 3 2000 pullback in particular. I dumped a lot of good positions that week, which turned out to be a terrible move — everything flew right back up and went much, much higher over the next 9 weeks.

$CoreWeave, Inc.(CRWV)$ Bears are acting like compute demand is just going to disappear. Honestly, wait until 2028. At these levels, IREN, NBIS, and APLD all look like a steal, even if they drift lower. Nothing fundamental has changed, so if we do see more downside, I'm just adding more.

$NEBIUS(NBIS)$  CapEx is the issue. But the market knows Nebius isn't spending money on Frontier models and runs Open Source options on Token Factory, right? Frontier models get commoditized and the Mag7 just wasted a bunch of money. But Nebius didn't. AI demand isn't going away, and Nebius has been skating to where the puck is headed — Open Source.

$NEBIUS(NBIS)$ Markets aren't rational and tend to overshoot on both the high side and the low side. The AI space is going through a correction right now, and a lot of great companies are down 30-50%. NBIS is a long-term hold for me, and I expect volatility over the next few years as it marches toward new highs.

$NEBIUS(NBIS)$ Just something to keep in mind — if Meta and the other big tech names are all chasing this, there's probably serious money behind it. I'm staying long and staying strong. No stock moves in a straight line.

$Applied Optoelectronics(AAOI)$ , $NEBIUS(NBIS)$ , $Micron Technology(MU)$ , DRAM.X have been taking heavy hits lately, coiling through the $81.54–$88.61 demand region. Feels more like a brutal shakeout than the whole AI theme actually popping. While some are throwing in the towel, it looks like smart money is aggressively sweeping liquidity off key support. A reversal pivot could be setting up here.

AI infrastructure is still one of the strongest themes in the market right now. $APPLIED DIGITAL CORP(APLD)$  just reported earnings with a massive revenue beat, over 152%. The AI race is clearly expanding beyond chips. The next phase looks like it's about the companies building the data centers, power, and computing capacity behind this whole buildout. $APPLIED DIGITAL CORP(APLD)$  seems to be benefiting from accelerating AI data center demand, but execution and margins will be the real test. $NEBIUS(NBIS)$  keeps drawing attention with its AI cloud infrastructure exposure as GPU demand keeps growing. $CoreWe

$NEBIUS(NBIS)$ Morgan Stanley recently pointed out that AI's "Rate of Change" is accelerating, and one detail that stood out to me was the idea that AI companies might end up paying significant premiums just to lock in power capacity. Energy availability is turning into a real bottleneck for AI infrastructure growth. A few names with notable power capacity being tracked: - IREN — 6 GW - NBIS — 2.5 GW - CIFR — 3+ GW - WULF — 3 GW - HUT — 1.5–2 GW The AI race is clearly expanding beyond just chips. The next constraints seem to be power availability, data center capacity, grid infrastructure, and how efficiently compute gets deployed. Morgan Stanley's broader point is worth noting: AI adopters are already seeing margin expansion and earnings upg

My $NEBIUS(NBIS)$  2030 framework is pretty simple. I'm looking at three outcomes. Most likely: Base Case 5-5.5GW $32–38B revenue 50–60% Adj. EBITDA margin 13–18x EBITDA = roughly $650–$1,000/share Bear Case: 4-4.5GW $18-22B revenue 32-38% margin 10–14x EBITDA = $140-$280/share Bull Case: 6GW+ $55-75B revenue 55-65% margin 15–22x EBITDA = $1,400-$2,500/share With $NEBIUS(NBIS)$  around $188-$200 now, the base case alone still leaves serious upside into 2030. That's the part I'm watching.

$NEBIUS(NBIS)$ Hormuz has been quiet, oil dropped $4/bl, and futures are moving higher. Looks like we could open at $200 soon.

$NEBIUS(NBIS)$ $IREN Ltd(IREN)$ $Cipher Mining Inc.(CIFR)$ $Keel Infrastructure Corp(KEEL)$ $New Era Helium Inc(NUAI)$ If this bull market peaks around late 2027 to early 2028, I might have a new place built by then. Sounds like a good spot for a celebration.

$NEBIUS(NBIS)$ NBIS showed serious strength today while the rest of the market was deep in the red. If the NASDAQ manages to gain more than 1% next session, I think NBIS has a solid shot at reaching $250.

$NEBIUS(NBIS)$  I'm looking forward to the earnings report in early August. Last quarter the stock ran up into the print, and honestly it wouldn't surprise me if we saw something similar this time around.

$NEBIUS(NBIS)$ $TeraWulf Inc.(WULF)$ $APPLIED DIGITAL CORP(APLD)$ It's holding up really well right now. When the broader market turns again, this one should take off. Just my take on it.