Nebius Group Reduces Share Count, Boosts AI Ambitions and Scarcity Value

Nebius Group NV (NBIS) has announced the cancellation of 40 million treasury shares and authorization of a buyback of up to 20% of its Class A shares. This move is seen as a bold declaration to tighten supply just as demand for AI-driven names is heating up. The company has already soared 126% year-to-date and has a $2.3 billion cash war chest. Nebius is signaling that it's financially sound and strategically daring enough to play offense while others stay cautious. The reduced float enhances earnings-per-share metrics and increases ownership stakes for existing investors, potentially leading to a short-covering rally.