Key Takeaways NBIS shares are up 81% YTD, far outpacing sector and the S&P 500. NBIS raised its 2025 capex to $2B. Execution risks tied to data center expansion and competition are concerns. NBIS expects full-year EBITDA to stay negative, even as it targets$500M-$700M in 2025 revenues.Nebius Group N.V. (NBIS) shares have gained 81.4% year to date, outperforming the Zacks Computer & Technology sector and the Zacks Internet Software Services industry’s growth of 7.9% and 26.8%, respectively. The S&P 500 Co ...