$Nebius(NBIS.US) Nebius has launched an asset-light partnership model, allowing partners to finance and operate AI data centers while Nebius provides necessary technology and sales support. This model enhances capital efficiency and service consistency, enabling Nebius to expand its AI infrastructure without heavy investment, alongside a billion-dollar agreement with Reflection AI ensuring demand for its capabilities. While projecting significant revenue growth, investors should remain cautious of competitive and regulatory risks that could impact Nebius's scalability and profitability. After a period of upward trajectory, the stock seems to be finding its consolidation range, while I'm still personally holding to go long. @Captain's Treasure