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Winning big orders leads to a “surge,” but after announcing a bond issuance there’s a “plunge”—shareholders of the “AI cloud rising star” Nebius are “very conflicted.”

Winning big orders leads to a “surge,” but after announcing a bond issuance there’s a “plunge”—shareholders of the “AI cloud rising star” Nebius are “very conflicted.”

``` On one side are massive orders, on the other side is frantic spending; Nebius’s moves make investors feel "very conflicted". On Tuesday, March 17, the “AI cloud rising star” Nebius announced it would issue $3.75 billion in bonds to support its AI infrastructure construction, causing its
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