ROBOCAP

On a mission to become Sweden’s best compounder.
Focused on finding exceptional businesses: $NBIS @ 97$

[ROBOCAP @robcapSE]

@FunOfInvesting I have a feeling we can expect more today! 👀

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@PatschSchneider I believe the orchestration layer solves this problem for Nebius, their capabilities to lower the cost depending on which model to choose for the agent and so on. It’s clearly exciting times ahead.

[ROBOCAP @robcapSE]

If this is true it will be huge for $NBIS

Agents-as-a-Service feels like an ultimate “sell me this pen” moment for $NBIS.

The solution for the customer is the product $NBIS delivers, at fraction of the cost with correct orchestration between different open source models. If Nebius can move from selling inference to selling solutions I see why Jensen is hyping.

[santos @clockworksantos]

$NBIS MANAGED AGENTS PLATFORM: The transition to Agents-as-a-Service

Lately, @romanchernin has teased a new Agentic AI software offering on Nebius Cloud. Both on the earnings call and etn. interview (video in the tweet below). This platform would sit on top of Token Factory, and would capture even more margins.

But first, what is Managed Agents? And what would this AaaS platform look like?

A managed agents platform runs your AI agents for you, handling the models, GPUs, tools, memory, and guardrails so you only write the prompt, and the platform takes care of the rest.

For example, an enterprise customer like Revolut could prompt: "Run a New Year's Eve campaign for our top customers." That one sentence kicks off a multi-step agent job. The agent figures out who qualifies, generates unique gift codes, drafts localized messages, creates the graphics, runs everything past compliance, and ships the campaign. It runs all of these steps on Token Factory inference.

AWS, Google Cloud and Claude already offer Managed Agents, if Nebius moves quickly they can be among the first platforms to offer this service.

Nebius is already partnered with DataRobot on this layer (https://t.co/VlVxXN3htM) but Nebius only provides tokens while DataRobot earns higher margins by selling agent runs to enterprises. (Image 1)

That's why I believe Nebius will develop (or acquire) its own Managed Agents layer, to earn superior margins and move up the stack. Because right now Nebius only sells tokens, but selling agent runs is much more profitable.

Possibility A (more likely): Nebius can build its own Managed Agents platform and will ship it in 2026/27. The talent pool at Nebius is more than enough to tackle this task (world-class engineers from EigenAI and Clarifai + people already at Nebius + maybe other surgical small acquisitions)

Possibility B: Nebius can purchase DataRobot's Agentic AI software IP and hire its core engineers (like they did with Clarifai).

This would fit $NBIS like a glove. Nebius runs the NVIDIA hardware, generates tokens, optimizes models and squeezes efficiency through EigenAI and Clarifai, runs agentic search on Tavily, human validation on Toloka Tandem, and sells Agentic runs through DataRobot's enterprise-grade, already proven orchestration platform.

Latest funding round implies 6B$ valuation in peak 2021 bubble. Secondary private markets today imply around 3.5B$. 1.8-2.2B$ can be a fair ballpark estimate for IP carve-out and core talent. I don't expect a full acquisition because of the bloated 800+ headcount and declining legacy ML products. However, it is an expensive acquisition. A 70% stock 30% cash deal (similar to EigenAI) can be dilutive and pressure cash reserves.

Bottom Line:
$NBIS wants to move up the stack to achieve better margins and go directly to enterprises rather than giving up margins to middle-men. They achieved this with launching Token Factory, and a new Agentic AI platform is the next step.

The AI infrastructure industry is fast and evolving. Lower layers (raw GPU rentals) are commoditizing and margins are decreasing. That's why it is critical to move up the stack, where you are closer to the end-customer and value creation is rewarded with superior margins. (remember Jensen's 5 layer AI cake, Image 2)

$IREN's Mirantis explained this dynamic here: https://t.co/qIRMDVvvbY

By building the Agentic AI platform, Nebius can thrive at all 5 layers:
Energy - Nebius owns 75% of their capacity in 2027
Chips - Nebius has NVIDIA Cloud Partner status, which enables earlier access to latest chips
Infrastructure - Nebius builds its own server racks, saves 10-15% margins
Models/Inference - Token Factory
Applications - New Agentic AI Enterprise Platform & $NBIS's already stacked Physical AI software layers (
)

[ROBOCAP @robcapSE]

Investors with concentrated portfolios don’t care about intraday swings

Also investors with concentrated portfolios when the stock goes down:

[ROBOCAP @robcapSE]

@Deebeeng10 Let’s hope for that. I watched Roman’s interview on 20VC yesterday and I’m always impressed by his passion. His enthusiasm is evident even without knowing his background – it’s clear he’s deeply involved in the tech behind.

[ROBOCAP @robcapSE]

@PatschSchneider Yes, I guess it could be a boost with Nvidia backing their work.

[ROBOCAP @robcapSE]

$NBIS and $NVDA have launched the Physical AI Living Lab, a six-month program designed to help UK and European robotics startups build and scale Physical AI applications.

[ROBOCAP @robcapSE]

The biggest threat for $NBIS is….. consolidation.

Roman highlighted this in his interview with @HarryStebbings on 20VC.

That the biggest risk for $NBIS is market consolidation. If larger players dominate individual layers of the stack, $NBIS will find it harder to operate across multiple layers.

Definitely worth listening to if you’re interested in the long-term risks and opportunities for $NBIS.

[ROBOCAP @robcapSE]

@clockworksantos totally agree and at a lower cost compared to the peers

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@MB_Hogan Impressive !

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@MB_Hogan Did you wait for the perfect moment to invest or was it simply a way to take some time off? 👀

[ROBOCAP @robcapSE]

Whit the news about June 9th this weekend the post from @marcboroditsky last week got a whole new meaning. $NBIS

[ROBOCAP @robcapSE]

@HyperAICapital Yep, 💯

[ROBOCAP @robcapSE]

@Mattrambler Enough for life changing gains 👀

[ROBOCAP @robcapSE]

I have decided to start documenting my journey with $NBIS after following the company closely for quite some time (1 year~)

There are simply too many green flags to ignore. It’s a business that is easy to understand, a clear direction, exceptional leadership, and exposure to one of the biggest megatrends of our time.

Beyond the investment case itself, the AI-megatrend/supercycle is fascinating to follow, even for non-investors, a clear win-win.

My first milestone is to follow the company until it reaches $50B ARR. Based on the ambitions and trajectory management is pointing toward, that milestone may not be as far away as many think.

Instead of following the story in silence, I’ve decided to start sharing my thoughts and findings along the way to get information advantage against the whales.

My average stock price is 97$, no trading, only for long term holding and to test if the investment thesis still is intact.

[ROBOCAP @robcapSE]

@InvestNorthwise Thanks!

[ROBOCAP @robcapSE]

My account has attracted a lot of attention on my recent posts, so I'm taking the opportunity to make this post so that as many people as possible can take part of this list.

If you follow $NBIS this list is a must follow.

I wish I found a post like this when I started my DD in $NBIS. Everyone below has in some way made me hold on to my shares and understand the company in its essence.

If you are interested in $NBIS , I recommend that you go and check out each person below, you will not miss a thing.

All deserves a follow:
@MB_Hogan
@FunOfInvesting
@daniel_koss
@mvcinvesting
@borex_investing
@HowardInvests
@InvestNorthwise
@TopTechStocksUS
@CKCapitalxx
@EndicottInvests
@CaesarCapitalz
@TradeIdeas
@SMASIMHO
@DrTomsLens
@itsalasdairmann
@babyfolio
@DanInvestings
@genZinvest0r
@YodaStockInvest
@Futurenvesting
@demian_ai
@Kajiastic
@BastianelliLore
@Axel_Lynch_Inv
@HyperAICapital
@retail_mourinho
@CernunnosCap
@penguinvesting
@Sandeman52

And the stock🐐 of Nebius - @longinvest32 mostly for the lols

[ROBOCAP @robcapSE]

@longinvest32 😂

[ROBOCAP @robcapSE]

@nectarbuffs @FunOfInvesting @EndicottInvests Ofc, irregular postings but when they comes 10/10

[ROBOCAP @robcapSE]

My top 3 YouTubers for $NBIS investors:

@FunOfInvesting (FunOfInvesting)

Creates weekly summaries by breaking down key X posts, news, and industry developments into an easy, time-saving overview for retail investors. A very bullish long-term investor.

@EndicottInvests (EndicottInvests)

Posts weekly updates on news and own thoughts. Has recently started doing deep dives into Nebius subsidiaries. An extremely bullish long-term shareholder.

@HowardInvests (HInvests)

Similar approach to Endicott, with regular updates on weekly news and thesis-driven analysis. Also a very bullish long-term shareholder.

Let me know if there are any other creators covering $NBIS that I should follow.

[ROBOCAP @robcapSE]

@borex_investing The second I opened YouTube and saw your video popped up I realized I missed to mention. But honestly really good job, I like the format!