Nebius Stock Has Fallen About 40% From Its Record. Here's Why I'm Still Waiting to Buy.

Nebius Group's stock has dropped 40% from its June peak to around $165, driven by broader market skepticism toward AI cloud providers rather than company-specific news. While the company has shown exceptional revenue growth (454% YoY in Q2), analyst Daniel Sparks remains cautious about buying at current levels, citing concerns that the stock price already assumes the company will achieve aggressive second-half revenue targets of $1 billion+ per quarter. He plans to wait for Q3 results to confirm the revenue ramp before investing.