1. The stock decline of Nebius is attributed to the broader S&P 500 selloff rather than company fundamentals. 2. Nebius' AAR could see a surge from $90M in Q4 2024 to $750M-$1B by year-end 2025, indicating a 10x growth potential. 3. Early signs of institutional buying are observed, but Wall Street analyst coverage remains insignificant. 4. Despite execution risks and potential back-loaded AAR growth, the projected growth justifies the 11 P/S ratio, and a strong buy rating is maintained.