$Nebius(NBIS.US)

The recent pullback in Nebius gave me the opportunity to initiate a position at what I believe is a much more attractive valuation. Rather than chasing momentum when the stock was trading at elevated levels, I chose to wait for the market to offer a better entry point. Short-term volatility is never comfortable, but it often creates opportunities for long-term investors who remain focused on fundamentals instead of daily price swings.

My investment thesis remains unchanged. Nebius is building AI infrastructure at a time when demand for compute capacity continues to expand rapidly. As enterprises increase AI adoption and cloud providers invest heavily in next-generation infrastructure, I believe companies with scalable AI computing platforms have significant long-term growth potential. While the market may continue to fluctuate in the near term, I see the current weakness as a temporary repricing rather than a deterioration of the company's long-term prospects.

No investment is without risk, especially in a fast-growing technology company, and I expect volatility to remain part of the journey. However, I view this correction as a discount rather than a reason to stay away. I am comfortable building my position gradually and giving the investment time to play out. If Nebius continues executing on its AI strategy and expands its customer base over the coming years, I believe today's entry price could prove to be an attractive one in hindsight.