Why I'm Rating Nebius A Strong Buy After The April Rally

I am rating Nebius a Strong Buy because it is now converting AI infrastructure demand into real revenue, ARR, and adjusted EBITDA. Nebius is not just being carried by the AI trade. It is being supported by GPU capacity, power access, the META demand, the NVIDIA validation, and strong AI cloud margins. My growth drivers are the core AI cloud capacity ramp, META and other hyperscaler contracts, power-enabled data center expansion, and inference software attach.