Nebius Lost 33% in a Month. Bank of America Sees 95% Upside From Here

Key TakeawaysNebius fell 33% from the end of September through Friday’s close as worries about CoreWeave’s debt and rising rates hit AI cloud stocks, and Nebius had no bad news of its own. Nebius had far less debt than CoreWeave at midyear, but analysts expect its capex to reach about $29 billion in 2027, and a lower stock price makes that harder to fund.