Скачать или смотреть AWS of AI? Inside Nebius’ $17B Microsoft Deal (& Nebius Q3 Pre-Earnings)

Microsoft’s $17B AI bet on Nebius—explained.
In this video I break down what the Microsoft–Nebius deal really is, why $NBIS may be getting more $ per MW than other neoclouds, what to watch into Nov 11 earnings, and how Nebius positions itself as the “AWS of AI.” We’ll cover the stock moves, financing (incl. convertible notes), the Vineland, NJ build, key risks, and a quick compare with IREN—plus a simple explainer on Nebius’s efficiency edge (MTBF/MTTR → higher utilization → more value per MW).

What you’ll learn
• Deal at a glance: $17.4B / 5 years, capacity anchored in Vineland, NJ, and why it ramps over time.
• “AWS of AI” POV: Short SOT from Nebius’s CRO on full-stack AI cloud positioning.
• Timeline & stock check: The pop, the raises, the $92.50 equity reference level.
• Converts 101: What a convertible note is and how conversion/dilution works.
• Nebius vs IREN: Two Microsoft GPU deals, two very different business models.
• Why higher $/MW: Lower downtime, faster recovery → less wasted compute, faster job completion, higher utilization.
• Earnings preview (Nov 11): Revenue/EPS consensus, ARR/EBITDA focus, and Vineland go-live milestones.
• Risk check & scenarios: Customer concentration, power/build timelines, GPU installs, convert dilution, utilization ramp.

Credits

Interview guest: Marc Boroditsky, Chief Revenue Officer, Nebius (excerpt).
Footage courtesy of Zaid Admani — The Rundown podcast. Thank you for the original interview segment.
All opinions are my own.


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Is Nebius truly the “AWS of AI” or a specialist GPU cloud? What’s your Nov 11 base case?

Disclaimer

This video is for information and entertainment only and not investment advice. Do your own research.