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• If you are wondering whether Nebius Group at around US$175.92 is priced for perfection or still has room on the upside, the stock’s recent performance makes that question hard to ignore.

• Over the short term, Nebius Group has posted returns of 29.8% over 7 days, 61.7% over 30 days and 95.6% year to date, with the 1 year return currently a very large gain.

• Recent coverage has focused on Nebius Group’s sharp share price moves and what they might imply about changing sentiment around the stock. Much of the discussion has centered on whether these returns are justified by the company’s fundamentals or driven more by…