Serenity: Nebius bucks the trend, rising as the purest and most asymmetrically favorable Neocloud play.

BlockBeats news, September 24: Serenity stated that while the AI infrastructure and Neocloud sectors are broadly declining, Nebius (NBIS) has managed to rise against the trend by about 6%, a relative strength that is absurd. Oracle issued a force majeure notice due to the possibility that its large data center project in New Mexico, Project Jupiter, might not be ready for opening by 2028, attempting to push back the risk of cost increases. This precisely shows that full-stack delivery and large project execution risks are hitting the industry, while NBIS has relatively avoided such troubles.

Serenity further pointed out that even if the core business continues to surge after 2027, the market may still be underestimating the growth potential of Nebius's various businesses. Nebius is the "purest, best-asymmetry Neocloud" target, without the full-stack execution uncertainties of IREN or ORCL, without the high-interest debt pressures of CRWV or APLD, and without the issue of unstable major client contracts seen in some mining companies transitioning to cloud services.