{
 "ticker": "NBIS",
 "name": "Nebius",
 "url": "https://grantbishop.pages.dev/index/NBIS",
 "sells": "Nebius rents out graphics-processing servers and cloud infrastructure for training and running artificial intelligence models.",
 "why": "We follow it because its business sits among the companies whose business is AI itself.",
 "questions": [
  {
   "slug": "ai-itself",
   "question": "Whose business is AI itself?",
   "url": "https://grantbishop.pages.dev/index/q/ai-itself"
  }
 ],
 "tests": [
  {
   "id": "W-6",
   "claim": "Spending on the AI build is running ahead of the revenue it produces.",
   "url": "https://grantbishop.pages.dev/claims/ai-spending-ahead-of-revenue"
  }
 ],
 "reports_next": {
  "date": "2026-11-10",
  "event": "results for the quarter ending Sep 2026",
  "kind": "expected",
  "source": "expected, per Nasdaq"
 },
 "latest_disclosed": {
  "form": "20-F",
  "filed": "2026-04-30",
  "period": "2025-12-31",
  "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/nbis-20251231x20f.htm"
 },
 "disclosed": [],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 20-F filed 2026-04-30 at launch."
  }
 ],
 "living_report": {
  "report": false,
  "last_revised": null,
  "next_disclosure": {
   "date": "2026-11-10",
   "event": "results for the quarter ending Sep 2026"
  },
  "timeline": [],
  "history": []
 },
 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
  "last_close": {
   "value": 141.45,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "day_range": {
   "low": 128.51,
   "high": 143.39,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "range_52_week": {
   "low": 73.52,
   "low_date": "2026-02-05",
   "high": 299.86,
   "high_date": "2026-06-22",
   "sessions": 251,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "market_value": null,
  "forward_multiple": null,
  "checked_at": "2026-11-10 06:00:40"
 },
 "exhibits": null,
 "mentions": [],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}