NBIS: Meme Stock Volatility and Underperformance Amid AI Growth Claims

A Reddit user expressed frustration over NBIS being their only losing position, noting it declines on both red and green market days and viewing a potential $10k loss as a “gift lesson” to avoid meme stocks [0]. Comments highlight conflicting perspectives: one user cited NBIS’s 100%+ 6-month gain and advised research (comparing to NVDA) [0], while another (with a $106 cost basis) expects further declines on Monday and labels NBIS a “POS meme stock” [0]. Others emphasized diversification [0] or gave mixed advice (hold long-term then warn against meme stocks) [0].

NBIS (Nebius Group N.V.) is an AI infrastructure firm listed on NASDAQ with a ~$21B market cap [2]. It reported Q3 2025 revenue of $146M (355% YoY growth) and an annualized run rate of $551M, but posted a $100.4M net loss [3]. Year-to-date returns stand at 0%—far below the S&P 500’s 14.66% gain [2]. The stock has extreme volatility: it surged 200% YTD before dropping 40% from its October 10 high of $141.10 [7]. Key events include a multi-billion dollar Microsoft data center deal (September 2025) [9] and Jim Cramer’s criticism of “capital destruction” and overreliance on press releases [8]. NBIS blends AI growth potential with speculative trading traits, with retail investors buying dips despite volatility [2,7].

The Reddit user’s frustration aligns with NBIS’s recent 40% drop from October highs [7]. The stock’s meme stock perception (Reddit) is supported by research noting its speculative trading characteristics [2]. While NBIS’s 100%+ 6-month gain (Reddit) reflects past momentum, its 0% YTD return (research) underscores a recent reversal [2,0]. Conflicting advice on Reddit (hold vs sell) mirrors the stock’s dual identity: strong revenue growth (AI infrastructure demand) vs negative earnings and market underperformance [3,8].

: Persistent negative earnings [3], Cramer’s public critique [8], meme stock volatility [0,7], and ongoing market underperformance [2]. : Robust revenue growth (driven by AI infrastructure needs) [3], the Microsoft partnership [9], and continued retail investor interest in dips [7].