
An investor sold out of Nebius following earnings due to short-term risks surrounding the Vineland NJ data center project—which represents about 40% of their backlog and a large share of future revenue—after the stock rallied over 45% in five days. The investor is now questioning whether to buy back in and whether a recent debt offering is positive or negative. Additionally, SpaceX is highlighted as currently being the best in the neocloud space.