Durvesh Maharaj (MSc)

Investor,
AI and fintech Expert,
MSc,
Passionate about growing wealthy with you.

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@HolySmokas Did your parents treat you right growing up?

[RonnieV @TheRonnieVShow]

It's TIME...

$NVDA has entered the Buy Zone (2X).

Nvidia is currently sits at a 19x Fwd P/E.

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@TheRonnieVShow Is nvidia a buy Ronnie?

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@TheRonnieVShow @wealthmatica How do you guys buy when the market is closed? Do you place a limit order during market open?

[Durvesh Maharaj (MSc) @InvestwithDhruv]

All of you going crazy on this jensen saga need to chill.

You people are way too emotional.

The man is a legend running a company.

The other aspects of his life have nothing to do with any of you.

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@CryptoBankz_65 appreciate this level of conviction. Im also all in $164 average.

People like you deserve to be uber rich

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@MelvinInvests I am long $nbis 100k in

[Marcel @MarcelLarsen_]

$NBIS

Every metric in this post looks backward at a company growing revenue 400%+ a year, and each one falls apart once you open the filings.

"570 P/E"
• Trailing net income is $42.4M, and it only exists because of a $780.6M Q1 gain from revaluing equity investments. Without that gain, trailing earnings are deeply negative

• So the "E" in your P/E is an accounting mark-up. Nebius reinvests everything into capacity, and GAAP earnings won't mean much until that build slows

"200 EV/EBITDA"
• Trailing EBITDA includes Q3 2025, when revenue was $146.1M. Q3 2026 consensus is $916.8M, +527%

• Adjusted EBITDA went from -$21.0M in Q2 2025 to $129.5M in Q1 2026 to $236.2M in Q2 2026. That's +82% in one quarter

• The AI cloud business ran a 49.7% adjusted EBITDA margin in Q2

• Forward: ~$40B market cap including NVIDIA's warrant shares, against $12.24B of 2027 consensus revenue. That's ~3.3x sales. At the ~40% margin Nebius guided for 2026, that revenue is ~$4.9B of EBITDA, about 8x market cap and roughly 10x with net debt added (my math)

"-40% shareholder yield"
• Shareholder yield measures cash returned by mature companies. Any business raising capital to build shows a big negative number, and it says nothing about what that capital earns

• Counting NVIDIA's warrants and the 15.8M shares from August's note exchange, the share count is up ~29% since June 2025. Revenue rose 454% over the same year. Revenue per share is up ~4.3x (my math)

• The equity also went out at strong prices. The ATM sold 12.7M shares at an average $223.60. NVIDIA paid ~$95 a share for its 21.1M warrants in March (my math). August's $5.75B of converts only convert at ~$313 and ~$325. The stock closed Friday at $129.49

"Multibillion-dollar cash burn ahead"
• Operating cash flow was +$4.5B in H1 2026, covering ~55% of $8.1B of capex (my math)

• Most of that cash came from customers. Deferred revenue went from $1.58B in December to $5.98B in June, and Nebius expects more than $9B of prepayments this year. About 70% of Q2 deals came with prepayments covering 50-60% of the capex behind them

• The newest debt is secured on that capacity: $775M asset-backed at SOFR+2.50% in July and $3.5B from Citi at SOFR+2.75% in October. The COO says further asset-backed financing is tied to "more than $40 billion of investment-grade long-term customer contracts"

• Management says it "could sell our entire 2027 capacity on these terms today"

What you're calling one of the worst investments today:
• ARR went from $1.25B in December to $3.0B in June, with guidance of $7-9B by year-end

• 5 GW of contracted power targeted by year-end, and more than 1 GW a year of deployments from 2027

• Microsoft, Meta, and four Q2 deals averaging over $1B each

• The stock is 57% below its $299.86 high, and the 22 analysts covering it average a $281 target

So yes, Nebius spends billions on data centers and GPUs. Customers have signed for that capacity, prepaid a large share of it, and the newest debt is secured against investment-grade contracts. Nebius is raising capital because demand is ahead of supply.

On the post itself
Nobody can see who's behind an account, but this fits the pattern of the low-effort FUD that keeps getting aimed at Nebius and AI infrastructure stocks:

• Posted four days before earnings, with the stock already down 57%

• Scary trailing multiples with zero context, and not a word about backlog, prepayments, margins or guidance

Posts like this look made to farm engagement and shake people out right before a catalyst. Anyone holding should check the filings before reacting to them.

Earnings are Thursday.

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@aleabitoreddit Goat

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@Saladinbraham Long $nbis

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@TheRonnieVShow Your recommendations are gold!

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@aleabitoreddit All in $nbis

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@CarsonTalkMoney Whats your thoughts on $nbis

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@TheRonnieVShow What have you bought

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@BaumgarteMarkus @daniel_koss Whats your average cost im 164 100kusd

[Durvesh Maharaj (MSc) @InvestwithDhruv]

@amitisinvesting What does this mean for $nbis

[Durvesh Maharaj (MSc) @InvestwithDhruv]

$nbis is to 2026 what meta was to 2022.

You are a long term investor.

You are invested in a good company with a good balance sheet, strong ceo and lots of pipeline work and alternative business models.

YOU .will .be .fine

[Heisenberg @Mr_Derivatives]

Market is crashing hard today…

Damn. AI names destroyed.

Survive.

[Durvesh Maharaj (MSc) @InvestwithDhruv]

I follow alot of stock management on x.

Right now @TheRonnieVShow is goated.

His calls on zeta oscr app and many others are bang on!

Keep going.

[RonnieV @TheRonnieVShow]

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[Durvesh Maharaj (MSc) @InvestwithDhruv]

@QC_Capital_ $nbis