$NEBIUS(NBIS)$ Pretty much what you would expect after significant news. MACD shot north and RSI flipped from bearish to bullish in a New York minute. Price is comfortably above the 50-day moving average. I would say the sideways drift over the summer has mostly been about market sentiment rather than any lack of corporate execution. You have to recognize that this company is best of breed, and if there is an argument for AI then there has to be an argument for NBIS. The one thing I can hold onto is that my core conviction has never changed. A year ago I thought AI would change the world in ways beyond most people's perception, and I still think that now. The self-learning nature of AI allows the sector to multiply exponentially. I could be completely wrong or completely right, but it would be interesting to know how many people currently consider their AI chatbot to be their best friend.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
