{"id":138,"date":"2026-04-22T02:58:31","date_gmt":"2026-04-22T02:58:31","guid":{"rendered":"https:\/\/andyguy.com\/%eb%84%a4%eb%b9%84%ec%9a%b0%ec%8a%a4nbis-%ec%a7%80%ea%b8%88-%ec%82%ac%eb%8f%84-%eb%90%a0%ea%b9%8c-%ec%8b%a4%ec%a0%81-%ec%a0%81%ec%a0%95%ea%b0%80-%eb%aa%a9%ed%91%9c-%ec%a3%bc%ea%b0%80\/"},"modified":"2026-07-07T01:13:04","modified_gmt":"2026-07-07T01:13:04","slug":"%eb%84%a4%eb%b9%84%ec%9a%b0%ec%8a%a4nbis-%ec%a7%80%ea%b8%88-%ec%82%ac%eb%8f%84-%eb%90%a0%ea%b9%8c-%ec%8b%a4%ec%a0%81-%ec%a0%81%ec%a0%95%ea%b0%80-%eb%aa%a9%ed%91%9c-%ec%a3%bc%ea%b0%80","status":"publish","type":"post","link":"https:\/\/andyguy.com\/en\/%eb%84%a4%eb%b9%84%ec%9a%b0%ec%8a%a4nbis-%ec%a7%80%ea%b8%88-%ec%82%ac%eb%8f%84-%eb%90%a0%ea%b9%8c-%ec%8b%a4%ec%a0%81-%ec%a0%81%ec%a0%95%ea%b0%80-%eb%aa%a9%ed%91%9c-%ec%a3%bc%ea%b0%80\/","title":{"rendered":"Should You Buy Nevius (NBIS) Now? Earnings, Fair Value, and Target Price"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\uae30\uc900 \ud658\uc728: 1 USD = 1,480 KRW (2026\ub144 4\uc6d4 22\uc77c \uae30\uc900)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\ud575\uc2ec \uc694\uc57d (Executive Summary)<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\ub124\ube44\uc6b0\uc2a4 \uadf8\ub8f9(Nebius Group N.V., NASDAQ: NBIS)\uc740 \uad6c \uc580\ub371\uc2a4(Yandex)\uc5d0\uc11c 2024\ub144 8\uc6d4 \uc0ac\uba85\uc744 \ubcc0\uacbd\ud55c AI \ud480\uc2a4\ud0dd \uc778\ud504\ub77c \uae30\uc5c5\uc785\ub2c8\ub2e4. \ub124\ub35c\ub780\ub4dc\uc5d0 \ubcf8\uc0ac\ub97c \ub450\uace0 \uc720\ub7fd, \ubd81\ubbf8, \uc774\uc2a4\ub77c\uc5d8\uc5d0\uc11c \ub300\uaddc\ubaa8 GPU \ud074\ub7ec\uc2a4\ud130, AI \ud074\ub77c\uc6b0\ub4dc \ud50c\ub7ab\ud3fc, \uac1c\ubc1c\uc790 \ub3c4\uad6c\ub97c \uc81c\uacf5\ud558\uba70 \uae09\uc131\uc7a5 \uc911\uc778 \ub124\uc624\ud074\ub77c\uc6b0\ub4dc(Neocloud) \uc139\ud130\uc758 \ud575\uc2ec \ud50c\ub808\uc774\uc5b4\ub85c \ubd80\uc0c1\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\ud56d\ubaa9<\/th><th>\ub0b4\uc6a9<\/th><\/tr><\/thead><tbody><tr><td>\ud604\uc7ac \uc8fc\uac00<\/td><td>$156.55 (\uc57d 231,694\uc6d0)<\/td><\/tr><tr><td>\uc2dc\uac00\ucd1d\uc561<\/td><td>$39.6B (\uc57d 58.6\uc870 \uc6d0)<\/td><\/tr><tr><td>52\uc8fc \ubc94\uc704<\/td><td>$21.45 ~ $168.71<\/td><\/tr><tr><td>\ud22c\uc790\uc758\uacac<\/td><td>\ub9e4\uc218 (Buy) \u2014 \uc911\uac04 \ud655\uc2e0\ub3c4<\/td><\/tr><tr><td>12\uac1c\uc6d4 \ubaa9\ud45c\uc8fc\uac00 (\uae30\ubcf8)<\/td><td>$175 (\uc57d 259,000\uc6d0)<\/td><\/tr><tr><td>\uae30\ub300 \uc218\uc775\ub960<\/td><td>+10.5% (\uae30\ubcf8 \uc2dc\ub098\ub9ac\uc624)<\/td><\/tr><tr><td>\uc560\ub110\ub9ac\uc2a4\ud2b8 \ud3c9\uade0 \ubaa9\ud45c\uac00<\/td><td>$170.29 (14\uba85 \ucee4\ubc84\ub9ac\uc9c0)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\ud575\uc2ec \ud22c\uc790 \ud3ec\uc778\ud2b8:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>460\uc5b5 \ub2ec\ub7ec(\uc57d 68\uc870 \uc6d0) \uaddc\ubaa8\uc758 \uc218\uc8fc\uc794\uace0 \ud655\ubcf4 \u2014 \uba54\ud0c0(Meta)\uc640 \ub9c8\uc774\ud06c\ub85c\uc18c\ud504\ud2b8 \ub300\ud615 \uacc4\uc57d \uccb4\uacb0<\/li><li>2026\ub144 \ub9e4\ucd9c \uac00\uc774\ub358\uc2a4 30~34\uc5b5 \ub2ec\ub7ec(\uc57d 4.4~5.0\uc870 \uc6d0), ARR 70~90\uc5b5 \ub2ec\ub7ec \ubaa9\ud45c<\/li><li>NVIDIA\ub85c\ubd80\ud130 20\uc5b5 \ub2ec\ub7ec(\uc57d 2.96\uc870 \uc6d0) \uc804\ub7b5\uc801 \ud22c\uc790 \uc720\uce58 \ubc0f \ud611\ub825 \uad00\uacc4<\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">\uae30\uc5c5 \uac1c\uc694<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\ub124\ube44\uc6b0\uc2a4 \uadf8\ub8f9\uc740 AI \uc0b0\uc5c5\uc744 \uc704\ud55c \ud480\uc2a4\ud0dd \uc778\ud504\ub77c\ub97c \uad6c\ucd95\ud558\ub294 \uae30\uc220 \uae30\uc5c5\uc785\ub2c8\ub2e4. \ub300\uaddc\ubaa8 GPU \ud074\ub7ec\uc2a4\ud130\uc640 \ud074\ub77c\uc6b0\ub4dc \ud50c\ub7ab\ud3fc\uc744 \ud575\uc2ec\uc73c\ub85c, \uc0dd\uc131\ud615 AI \uac1c\ubc1c\uc744 \uc704\ud55c \ub370\uc774\ud130 \ud30c\ud2b8\ub108 \uc11c\ube44\uc2a4 &#8216;\ud1a8\ub85c\uce74(Toloka)&#8217;, IT \ubd84\uc57c \uc7ac\uad50\uc721 \ud50c\ub7ab\ud3fc &#8216;\ud2b8\ub9ac\ud50c\ud150(TripleTen)&#8217;, \uc790\uc728\uc8fc\ud589 \uae30\uc220 \uac1c\ubc1c\uc0ac &#8216;\uc544\ube0c\ub77c\uc774\ub4dc(Avride)&#8217; \ub4f1 \ub2e4\uc591\ud55c \uc790\ud68c\uc0ac\ub97c \ubcf4\uc720\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ucc3d\uc5c5\uc790 \uc544\ub974\uce74\ub514 \ubcfc\ub85c\uc988(Arkady Volozh)\uac00 CEO\ub97c \ub9e1\uace0 \uc788\uc73c\uba70, 1989\ub144 \uc124\ub9bd \uc774\ud6c4 \uac80\uc0c9 \uc5d4\uc9c4 \uc580\ub371\uc2a4\uc5d0\uc11c AI \uc778\ud504\ub77c \uc804\ubb38 \uae30\uc5c5\uc73c\ub85c \uc131\uacf5\uc801\uc73c\ub85c \ud53c\ubcf4\ud305\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uac19\uc740 \ub124\uc624\ud074\ub77c\uc6b0\ub4dc \uc139\ud130\uc758 \uacbd\uc7c1\uc0ac\uc778 <a href=\"https:\/\/andyguy.com\/%ec%bd%94%ec%96%b4%ec%9c%84%eb%b8%8ccrwv-%eb%af%b8%ea%b5%ad%ec%a3%bc%ec%8b%9d-%ec%a2%85%eb%aa%a9-%eb%b6%84%ec%84%9d%ec%8b%a4%ec%a0%81-%ec%a0%84%eb%a7%9d\/\" title=\"\ucf54\uc5b4\uc704\ube0c(CRWV) \ubbf8\uad6d\uc8fc\uc2dd \uc885\ubaa9 \ubd84\uc11d\">\ucf54\uc5b4\uc704\ube0c(CRWV)<\/a>\uc640 \ud568\uaed8 \ube45\ud14c\ud06c \uae30\uc5c5\ub4e4\uc758 AI \ucef4\ud4e8\ud305 \uc218\uc694\ub97c \ud761\uc218\ud558\ub294 \ud575\uc2ec \uc778\ud504\ub77c \ud50c\ub808\uc774\uc5b4\ub85c \uc2dc\uc7a5\uc758 \uc8fc\ubaa9\uc744 \ubc1b\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">\uc7ac\ubb34 \uc131\uacfc \ubd84\uc11d (\ucd5c\uadfc 4\uac1c \ubd84\uae30)<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\ubd84\uae30\ubcc4 \ub9e4\ucd9c \ucd94\uc774<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\ubd84\uae30<\/th><th>\ub9e4\ucd9c (USD)<\/th><th>\ud55c\ud654 \ud658\uc0b0<\/th><th>QoQ \uc131\uc7a5\ub960<\/th><th>YoY \uc131\uc7a5\ub960<\/th><\/tr><\/thead><tbody><tr><td>Q4 2024<\/td><td>$37.9M<\/td><td>\uc57d 561\uc5b5 \uc6d0<\/td><td>\u2014<\/td><td>\u2014<\/td><\/tr><tr><td>Q1 2025<\/td><td>$55.3M<\/td><td>\uc57d 818\uc5b5 \uc6d0<\/td><td>+46%<\/td><td>\u2014<\/td><\/tr><tr><td>Q2 2025<\/td><td>$100.7M<\/td><td>\uc57d 1,490\uc5b5 \uc6d0<\/td><td>+82%<\/td><td>\u2014<\/td><\/tr><tr><td>Q3 2025<\/td><td>$146.1M<\/td><td>\uc57d 2,162\uc5b5 \uc6d0<\/td><td>+45%<\/td><td>\u2014<\/td><\/tr><tr><td>Q4 2025<\/td><td>$227.7M<\/td><td>\uc57d 3,370\uc5b5 \uc6d0<\/td><td>+56%<\/td><td>+501%<\/td><\/tr><tr><td>FY 2025 \ud569\uacc4<\/td><td>$529.8M<\/td><td>\uc57d 7,841\uc5b5 \uc6d0<\/td><td>\u2014<\/td><td>+479%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\ub124\ube44\uc6b0\uc2a4\ub294 2025\ub144 \ud55c \ud574 \ub3d9\uc548 \ub9e4 \ubd84\uae30 \uc804\ubd84\uae30 \ub300\ube44 45~82%\uc758 \ud3ed\ubc1c\uc801\uc778 \ub9e4\ucd9c \uc131\uc7a5\uc744 \uae30\ub85d\ud588\uc2b5\ub2c8\ub2e4. Q4 2025\uc5d0\ub294 \uc5f0\uac04 \uae30\uc900 ARR(\uc5f0\uac04\ubc18\ubcf5\ub9e4\ucd9c) 12\uc5b5 \ub2ec\ub7ec(\uc57d 1.78\uc870 \uc6d0)\ub97c \ub2ec\uc131\ud558\uba70 \uac00\uc774\ub358\uc2a4\ub97c \ucd08\uacfc\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\uc218\uc775\uc131 \uc9c0\ud45c (\ubd84\uae30\ubcc4 \ub9c8\uc9c4 \ucd94\uc774)<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\ubd84\uae30<\/th><th>\ub9e4\ucd9c\ucd1d\uc774\uc775<\/th><th>\ub9e4\ucd9c\ucd1d\uc774\uc775\ub960<\/th><th>\uc601\uc5c5\uc190\uc2e4<\/th><th>\uc21c\uc190\uc2e4<\/th><\/tr><\/thead><tbody><tr><td>Q4 2024<\/td><td>$10.4M<\/td><td>27.4%<\/td><td>-$149.3M<\/td><td>-$133.2M<\/td><\/tr><tr><td>Q1 2025<\/td><td>$25.8M<\/td><td>46.7%<\/td><td>-$129.5M<\/td><td>-$113.6M<\/td><\/tr><tr><td>Q2 2025<\/td><td>$75.4M<\/td><td>74.9%<\/td><td>-$102.0M<\/td><td>+$584.5M*<\/td><\/tr><tr><td>Q3 2025<\/td><td>$103.2M<\/td><td>70.6%<\/td><td>-$130.2M<\/td><td>-$119.6M<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">* Q2 2025 \uc21c\uc774\uc775\uc740 \uc57d 5\uc5b5 9,740\ub9cc \ub2ec\ub7ec(\uc57d 8,841\uc5b5 \uc6d0) \uaddc\ubaa8\uc758 \uc720\uac00\uc99d\uad8c \ub9e4\uac01 \uc77c\ud68c\uc131 \uc774\uc775\uc744 \ud3ec\ud568\ud55c \uc218\uce58\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ub9e4\ucd9c\ucd1d\uc774\uc775\ub960\uc740 Q4 2024\uc758 27.4%\uc5d0\uc11c Q3 2025\uc5d0\ub294 70.6%\ub85c \ud06c\uac8c \uac1c\uc120\ub418\uc5c8\uc2b5\ub2c8\ub2e4. AI \ud074\ub77c\uc6b0\ub4dc \uc0ac\uc5c5\uc758 \uaddc\ubaa8 \ud655\ub300\uc5d0 \ub530\ub978 \ub808\ubc84\ub9ac\uc9c0 \ud6a8\uacfc\uac00 \ub098\ud0c0\ub098\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc7a5\uae30\uc801\uc73c\ub85c \uc218\uc775\uc131 \uac1c\uc120\uc758 \ud575\uc2ec \uadfc\uac70\uc785\ub2c8\ub2e4. \ub2e4\ub9cc \uae09\uaca9\ud55c \uc778\ud504\ub77c \ud655\uc7a5 \ud22c\uc790\ub85c \uc778\ud574 \uc601\uc5c5\uc190\uc2e4\uc740 \ubd84\uae30\ub2f9 1\uc5b5 \ub2ec\ub7ec(\uc57d 1,480\uc5b5 \uc6d0) \uc774\uc0c1\uc744 \uc720\uc9c0 \uc911\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\uc7ac\ubb34 \uac74\uc804\uc131 (Q3 2025 \uae30\uc900)<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\ud56d\ubaa9<\/th><th>\uae08\uc561 (USD)<\/th><th>\ud55c\ud654 \ud658\uc0b0<\/th><\/tr><\/thead><tbody><tr><td>\ud604\uae08 \ubc0f \ud604\uae08\uc131 \uc790\uc0b0<\/td><td>$4.79B<\/td><td>\uc57d 7.1\uc870 \uc6d0<\/td><\/tr><tr><td>\ucd1d\ubd80\ucc44<\/td><td>$4.57B<\/td><td>\uc57d 6.8\uc870 \uc6d0<\/td><\/tr><tr><td>\uc720\ud615\uc790\uc0b0(\uc21c) \u2014 GPU\/\ub370\uc774\ud130\uc13c\ud130<\/td><td>$3.82B<\/td><td>\uc57d 5.6\uc870 \uc6d0<\/td><\/tr><tr><td>\ucd1d\uc790\uc0b0<\/td><td>$10.1B<\/td><td>\uc57d 15.0\uc870 \uc6d0<\/td><\/tr><tr><td>\uc790\uae30\uc790\ubcf8<\/td><td>$4.81B<\/td><td>\uc57d 7.1\uc870 \uc6d0<\/td><\/tr><tr><td>\uc720\ub3d9\ube44\uc728<\/td><td>3.08x<\/td><td>\u2014<\/td><\/tr><tr><td>\ubd80\ucc44\ube44\uc728(D\/E)<\/td><td>106%<\/td><td>\u2014<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Q2 2025\uc5d0 \uc57d 31.6\uc5b5 \ub2ec\ub7ec(\uc57d 4.7\uc870 \uc6d0)\uc758 \ub300\uaddc\ubaa8 \ubd80\ucc44(\uc8fc\ub85c \uc7a5\uae30 \ub370\uc774\ud130\uc13c\ud130 \uc784\ucc28 \ubc0f GPU \ud30c\uc774\ub0b8\uc2f1)\ub97c \uc870\ub2ec\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uba54\ud0c0\u00b7\ub9c8\uc774\ud06c\ub85c\uc18c\ud504\ud2b8\uc640\uc758 \ub300\ud615 \uacc4\uc57d \uc774\ud589\uc744 \uc704\ud55c \uc778\ud504\ub77c \uc120\uc81c \ud22c\uc790\uc758 \uc77c\ud658\uc785\ub2c8\ub2e4. \ud604\uae08 \ubcf4\uc720\ub7c9\uc774 \ucd1d\ubd80\ucc44\uc640 \uc720\uc0ac\ud55c \uc218\uc900\uc774\uba70 \uc720\ub3d9\ube44\uc728\ub3c4 3\ubc30 \uc774\uc0c1\uc744 \uc720\uc9c0\ud574 \ub2e8\uae30 \uc720\ub3d9\uc131 \ub9ac\uc2a4\ud06c\ub294 \uc81c\ud55c\uc801\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\uc789\uc5ec\ud604\uae08\ud750\ub984(FCF) \ucd94\uc774<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\ubd84\uae30<\/th><th>\uc601\uc5c5\ud604\uae08\ud750\ub984<\/th><th>\uc124\ube44\ud22c\uc790(CapEx)<\/th><th>FCF<\/th><\/tr><\/thead><tbody><tr><td>Q3 2024<\/td><td>-$55.8M<\/td><td>-$172.1M<\/td><td>-$227.9M<\/td><\/tr><tr><td>Q4 2024<\/td><td>-$74.6M<\/td><td>-$417.7M<\/td><td>-$492.3M<\/td><\/tr><tr><td>Q3 2025<\/td><td>-$80.4M<\/td><td>-$955.5M<\/td><td>-$1,035.9M<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\uc124\ube44\ud22c\uc790 \uaddc\ubaa8\uac00 \ubd84\uae30\ubcc4\ub85c \uae09\uaca9\ud788 \ud655\ub300\ub418\uace0 \uc788\uc73c\uba70, 2026\ub144\uc5d0\ub294 \uc5f0\uac04 160~200\uc5b5 \ub2ec\ub7ec(\uc57d 23.7~29.6\uc870 \uc6d0)\uc758 CapEx\uac00 \uc608\uc815\ub418\uc5b4 \uc788\uc2b5\ub2c8\ub2e4. \ud604 \ub2e8\uacc4\uc5d0\uc11c FCF\ub294 \ub300\uaddc\ubaa8 \ub9c8\uc774\ub108\uc2a4\ub97c \uae30\ub85d\ud558\uace0 \uc788\uc73c\ub098, \uc774\ub294 \uc218\uc8fc\uc794\uace0 \uc774\ud589\uc744 \uc704\ud55c \uc758\ub3c4\uc801\uc778 \uc131\uc7a5 \ud22c\uc790\uc784\uc744 \uac10\uc548\ud574\uc57c \ud569\ub2c8\ub2e4.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\ucd5c\uadfc \ubc1c\ud45c \uc2e4\uc801 \u2014 Q4 2025 \uc5b4\ub2dd \uc11c\ud504\ub77c\uc774\uc988<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2026\ub144 2\uc6d4 12\uc77c \ubc1c\ud45c\ub41c Q4 2025 \uc2e4\uc801\uc5d0\uc11c \ub124\ube44\uc6b0\uc2a4\ub294 \uc2dc\uc7a5 \uae30\ub300\ub97c \ud06c\uac8c \uc0c1\ud68c\ud558\ub294 &#8216;\uc5b4\ub2dd \uc11c\ud504\ub77c\uc774\uc988&#8217;\ub97c \ub2ec\uc131\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Q4 \ub9e4\ucd9c:<\/strong> $227.7M (\uc57d 3,370\uc5b5 \uc6d0) \u2014 547% YoY \uc131\uc7a5<\/li><li><strong>FY2025 \ub9e4\ucd9c:<\/strong> $529.8M (\uc57d 7,841\uc5b5 \uc6d0) \u2014 479% YoY \uc131\uc7a5<\/li><li><strong>\uc5f0\ub9d0 ARR:<\/strong> $1.2B (\uc57d 1.78\uc870 \uc6d0) \u2014 \uac00\uc774\ub358\uc2a4 \ucd08\uacfc \ub2ec\uc131<\/li><li><strong>\uadf8\ub8f9 \uc870\uc815 EBITDA:<\/strong> Q4\uc5d0 \ucc98\uc74c\uc73c\ub85c \ud50c\ub7ec\uc2a4 \uc804\ud658 \uc131\uacf5<\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">\ubc38\ub958\uc5d0\uc774\uc158 \ubd84\uc11d<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\uc9c0\ud45c<\/th><th>\ud604\uc7ac\uac12<\/th><th>\ube44\uace0<\/th><\/tr><\/thead><tbody><tr><td>P\/S (TTM)<\/td><td>74.8x<\/td><td>\ub9e4\uc6b0 \ub192\uc740 \uc218\uc900 \u2014 \uace0\uc131\uc7a5 \ubc18\uc601<\/td><\/tr><tr><td>P\/S (2026E)<\/td><td>~12.4x<\/td><td>2026 \uac00\uc774\ub358\uc2a4 $3.2B \uae30\uc900<\/td><\/tr><tr><td>P\/B<\/td><td>8.6x<\/td><td>\u2014<\/td><\/tr><tr><td>EV\/Revenue (TTM)<\/td><td>77.0x<\/td><td>\u2014<\/td><\/tr><tr><td>EV\/EBITDA (TTM)<\/td><td>-212x<\/td><td>\ud604\uc7ac EBITDA \uc801\uc790\ub85c \ubd80\uc801\ud569<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\ud604\uc7ac TTM \uae30\uc900 P\/S 74.8\ubc30\ub294 \uc77c\ubc18\uc801\uc778 \uae30\uc220\uc8fc \ub300\ube44 \uadf9\ub2e8\uc801\uc73c\ub85c \ub192\uc740 \uc218\uce58\uc785\ub2c8\ub2e4. \uadf8\ub7ec\ub098 2026\ub144 \uac00\uc774\ub358\uc2a4($3.0~3.4B)\ub97c \uc801\uc6a9\ud558\uba74 P\/S\uac00 12.4\ubc30 \uc218\uc900\uc73c\ub85c \uae09\uac10\ud558\uba70, ARR\uc774 70~90\uc5b5 \ub2ec\ub7ec\uc5d0 \ub3c4\ub2ec\ud560 \uacbd\uc6b0 \uc2dc\uac00\ucd1d\uc561\/ARR \ube44\uc728\uc740 \uc57d 4~5\ubc30\ub85c \ub0ae\uc544\uc9d1\ub2c8\ub2e4. \uc774\ub294 \ud558\uc774\ud37c\uc2a4\ucf00\uc77c \uc778\ud504\ub77c \uae30\uc5c5\uc758 \uc131\uc7a5 \ucd08\uc785 \ub2e8\uacc4\uc5d0\uc11c \uc6a9\uc778\ub420 \uc218 \uc788\ub294 \uc218\uc900\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\ubc38\ub958\uc5d0\uc774\uc158 \ud310\uc815: \uc131\uc7a5 \uac00\uc815 \uae30\ubc18 \uc801\uc815 \uc218\uc900 (Fairly Valued for Growth)<\/strong> \u2014 \ud604\uc7ac \uc8fc\uac00\ub294 \uacf5\uaca9\uc801\uc778 \uc131\uc7a5 \uc2dc\ub098\ub9ac\uc624\ub97c \uc0c1\ub2f9 \ubd80\ubd84 \uc120\ubc18\uc601\ud558\uace0 \uc788\uc73c\ub098, 460\uc5b5 \ub2ec\ub7ec(\uc57d 68\uc870 \uc6d0) \uc218\uc8fc\uc794\uace0\uac00 \uc2e4\ud604\ub41c\ub2e4\uba74 \ucd94\uac00 \uc0c1\uc2b9 \uc5ec\ub825\uc774 \uc874\uc7ac\ud569\ub2c8\ub2e4.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">\uc131\uc7a5 \uc804\ub9dd<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2026\ub144 \uacbd\uc601 \uac00\uc774\ub358\uc2a4<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\ud56d\ubaa9<\/th><th>2026 \uac00\uc774\ub358\uc2a4<\/th><th>\ud55c\ud654 \ud658\uc0b0<\/th><\/tr><\/thead><tbody><tr><td>\ub9e4\ucd9c<\/td><td>$3.0B ~ $3.4B<\/td><td>\uc57d 4.4\uc870 ~ 5.0\uc870 \uc6d0<\/td><\/tr><tr><td>ARR (\uc5f0\ub9d0)<\/td><td>$7B ~ $9B<\/td><td>\uc57d 10.4\uc870 ~ 13.3\uc870 \uc6d0<\/td><\/tr><tr><td>\uc870\uc815 EBITDA \ub9c8\uc9c4<\/td><td>40%<\/td><td>\u2014<\/td><\/tr><tr><td>\uc124\ube44\ud22c\uc790(CapEx)<\/td><td>$16B ~ $20B<\/td><td>\uc57d 23.7\uc870 ~ 29.6\uc870 \uc6d0<\/td><\/tr><tr><td>\uacc4\uc57d \uc804\ub825<\/td><td>2GW+ (3GW \ubaa9\ud45c)<\/td><td>\u2014<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\ud575\uc2ec \uc131\uc7a5 \ub4dc\ub77c\uc774\ubc84<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\uba54\ud0c0(Meta) \ub300\ud615 \uacc4\uc57d:<\/strong> 2026\ub144 3\uc6d4 16\uc77c \uccb4\uacb0. \ud5a5\ud6c4 5\ub144\uac04 120\uc5b5 \ub2ec\ub7ec(\uc57d 17.8\uc870 \uc6d0) \uaddc\ubaa8\uc758 \uc804\uc6a9 AI \ucef4\ud4e8\ud305 \uc6a9\ub7c9 \uc81c\uacf5 + \ucd94\uac00 150\uc5b5 \ub2ec\ub7ec(\uc57d 22.2\uc870 \uc6d0) \ud074\ub7ec\uc2a4\ud130 \uad6c\ub9e4 \uc635\uc158 = \ucd1d \ucd5c\ub300 270\uc5b5 \ub2ec\ub7ec(\uc57d 40\uc870 \uc6d0)<\/li><li><strong>\ub9c8\uc774\ud06c\ub85c\uc18c\ud504\ud2b8 \uacc4\uc57d:<\/strong> \uae30\uc874 \uacc4\uc57d \ud3ec\ud568 \ucd1d 460\uc5b5 \ub2ec\ub7ec(\uc57d 68\uc870 \uc6d0)\uc758 \uc218\uc8fc\uc794\uace0<\/li><li><strong>NVIDIA \uc804\ub7b5\uc801 \ud22c\uc790:<\/strong> 20\uc5b5 \ub2ec\ub7ec(\uc57d 2.96\uc870 \uc6d0) \ud22c\uc790 \uc720\uce58 \ubc0f \ubb3c\ub9ac\uc801 AI \uac1c\ubc1c\uc744 \uc704\ud55c \uc804\ub7b5\uc801 \uc81c\ud734<\/li><li><strong>\uc9c0\ub9ac\uc801 \ud655\uc7a5:<\/strong> \uc720\ub7fd, \ubd81\ubbf8, \uc911\ub3d9\uc5d0 \uac78\uce5c \ub370\uc774\ud130\uc13c\ud130 \uad6c\ucd95\uc73c\ub85c \uae00\ub85c\ubc8c \uace0\uac1d \uae30\ubc18 \ud655\ub300<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">AI \uc778\ud504\ub77c \ud22c\uc790 \ud655\ub300 \ud750\ub984 \uc18d\uc5d0\uc11c \uc720\uc0ac\ud55c \uc131\uc7a5 \uacbd\ub85c\ub97c \uac77\uace0 \uc788\ub294 <a href=\"https:\/\/andyguy.com\/%ec%95%84%ec%9d%b4%eb%a0%8ciren-%eb%af%b8%ea%b5%ad-%ec%a3%bc%ec%8b%9d-%eb%b6%84%ec%84%9d-%eb%a6%ac%ed%8f%ac%ed%8a%b8%ec%8b%a4%ec%a0%81-%ec%a0%81%ec%a0%95%ec%a3%bc%ea%b0%80-%ec%a0%81%ec%a0%95\/\" title=\"\uc544\uc774\ub80c(IREN) \ubbf8\uad6d \uc8fc\uc2dd \ubd84\uc11d \ub9ac\ud3ec\ud2b8\">\uc544\uc774\ub80c(IREN) \ubd84\uc11d \ub9ac\ud3ec\ud2b8<\/a>\ub3c4 \ucc38\uace0\ud574\ubcf4\uc138\uc694.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">\ubaa9\ud45c\uc8fc\uac00 \uc2dc\ub098\ub9ac\uc624 (1\ub144)<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\uc2dc\ub098\ub9ac\uc624<\/th><th>\ud655\ub960<\/th><th>\ubaa9\ud45c\uc8fc\uac00<\/th><th>\ud55c\ud654 \ud658\uc0b0<\/th><th>\uae30\ub300\uc218\uc775\ub960<\/th><\/tr><\/thead><tbody><tr><td>\uae30\ubcf8 (Base)<\/td><td>50%<\/td><td>$175<\/td><td>\uc57d 259,000\uc6d0<\/td><td>+11.8%<\/td><\/tr><tr><td>\uac15\uc138 (Bull)<\/td><td>25%<\/td><td>$210<\/td><td>\uc57d 310,800\uc6d0<\/td><td>+34.1%<\/td><\/tr><tr><td>\uc57d\uc138 (Bear)<\/td><td>25%<\/td><td>$130<\/td><td>\uc57d 192,400\uc6d0<\/td><td>-16.9%<\/td><\/tr><tr><td>\uac00\uc911 \uae30\ub300 \uc218\uc775\ub960<\/td><td>\u2014<\/td><td>$172.5<\/td><td>\uc57d 255,300\uc6d0<\/td><td>+10.2%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\uc2dc\ub098\ub9ac\uc624\ubcc4 \uadfc\uac70<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\uae30\ubcf8 \uc2dc\ub098\ub9ac\uc624 ($175):<\/strong> 2026\ub144 \ub9e4\ucd9c \uac00\uc774\ub358\uc2a4 \uc911\uac04\uac12($3.2B)\uc744 P\/S 12~13\ubc30 \uc801\uc6a9. \uc560\ub110\ub9ac\uc2a4\ud2b8 \ucee8\uc13c\uc11c\uc2a4(\ud3c9\uade0 $170.29)\uc5d0 \uc18c\ud3ed \ud504\ub9ac\ubbf8\uc5c4\uc744 \ubd80\uc5ec. \uba54\ud0c0\u00b7\ub9c8\uc774\ud06c\ub85c\uc18c\ud504\ud2b8 \uacc4\uc57d\uc774 \ucc28\uc9c8 \uc5c6\uc774 \uc9c4\ud589\ub418\uace0 ARR\uc774 $7~9B \ud558\ub2e8\uc5d0 \ub3c4\ub2ec\ud558\ub294 \uc2dc\ub098\ub9ac\uc624.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\uac15\uc138 \uc2dc\ub098\ub9ac\uc624 ($210):<\/strong> \uace8\ub4dc\ub9cc\uc0ad\uc2a4\uc758 \ubaa9\ud45c\uc8fc\uac00($205) \uc218\uc900. ARR\uc774 \uac00\uc774\ub358\uc2a4 \uc0c1\ub2e8($9B)\uc744 \ud5a5\ud574 \uac00\uc18d, \ucd94\uac00 \ube45\ud14c\ud06c \uace0\uac1d \ud655\ubcf4, \uc870\uc815 EBITDA \ub9c8\uc9c4 40% \uc774\uc0c1 \uc870\uae30 \ub2ec\uc131 \uc2dc \uc801\uc6a9 \uac00\ub2a5.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\uc57d\uc138 \uc2dc\ub098\ub9ac\uc624 ($130):<\/strong> \uc2e4\ud589 \ub9ac\uc2a4\ud06c(\ub300\uaddc\ubaa8 CapEx \uc9d1\ud589 \ucc28\uc9c8), \uba54\ud0c0 \uacc4\uc57d \uc9c0\uc5f0, AI \uc778\ud504\ub77c \uc218\uc694 \ub454\ud654 \ub610\ub294 \uacbd\uc7c1 \uc2ec\ud654 \uc2dc \ud558\ub77d \uac00\ub2a5 \uad6c\uac04. \uce94\ud130 \ud53c\uce20\uc81c\ub7f4\ub4dc \ubaa9\ud45c\uc8fc\uac00($129) \uc218\uc900\uc5d0 \ud574\ub2f9.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">\ucd5c\uadfc \uc8fc\uc694 \ub274\uc2a4 \ubc0f \ucd09\ub9e4<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>[2026.04] \uc8fc\uac00 52\uc8fc \uc2e0\uace0\uac00 \uadfc\uc811:<\/strong> 4\uc6d4 16\uc77c $168.71\ub85c \uc0ac\uc0c1 \ucd5c\uace0\uac00 \uae30\ub85d. \ucd5c\uadfc 1\uac1c\uc6d4\uac04 +35%, \uc5f0\ucd08 \ub300\ube44 +77% \uc0c1\uc2b9<\/li><li><strong>[2026.03.16] \uba54\ud0c0 \ub300\ud615 \uacc4\uc57d \uccb4\uacb0:<\/strong> 5\ub144\uac04 \ucd5c\ub300 270\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 AI \ucef4\ud4e8\ud305 \uacc4\uc57d \uccb4\uacb0 \u2014 \ud68c\uc0ac \uc5ed\uc0ac\uc0c1 \ucd5c\ub300 \uaddc\ubaa8. \ubc1c\ud45c \uc9c1\ud6c4 \uc8fc\uac00 \uae09\ub4f1<\/li><li><strong>[2026.02.12] Q4\/FY2025 \uc2e4\uc801 \ubc1c\ud45c:<\/strong> 547% YoY \ub9e4\ucd9c \uc131\uc7a5, ARR $1.2B \ub2ec\uc131. \uace8\ub4dc\ub9cc\uc0ad\uc2a4, DA Davidson \ub4f1 \ub2e4\uc218 \uc560\ub110\ub9ac\uc2a4\ud2b8 \ubaa9\ud45c\uc8fc\uac00 \uc0c1\ud5a5<\/li><li><strong>[2026.04] NBIS \uc774\ub984 \ubcc0\uacbd:<\/strong> \uacf5\uc2dd\uc801\uc73c\ub85c Yandex\uc5d0\uc11c Nebius\ub85c \ud68c\uc0ac\uba85 \ubcc0\uacbd \uc644\ub8cc(2026\ub144 4\uc6d4 20\uc77c \uae30\uc900)<\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">\ub9ac\uc2a4\ud06c \uc694\uc778<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\uc2e4\ud589 \ub9ac\uc2a4\ud06c:<\/strong> 2026\ub144 160~200\uc5b5 \ub2ec\ub7ec CapEx \uc9d1\ud589\uc740 \uc5ed\ub300 \ucd5c\ub300 \uaddc\ubaa8\uc758 \uc778\ud504\ub77c \ud22c\uc790\uc774\uba70, \uacf5\uae09\ub9dd \ubcd1\ubaa9, \ud5c8\uac00 \uc9c0\uc5f0, \uc5d0\ub108\uc9c0 \uc870\ub2ec \ubb38\uc81c \ub4f1 \uc2e4\ud589 \ub9ac\uc2a4\ud06c\uac00 \uc0c1\ub2f9\ud569\ub2c8\ub2e4.<\/li><li><strong>\ubc38\ub958\uc5d0\uc774\uc158 \uacfc\uc5f4:<\/strong> \ud604\uc7ac TTM P\/S 74.8\ubc30\ub294 \uc2e4\uc801 \ubbf8\ub2ec \uc2dc \uae09\uaca9\ud55c \uba40\ud2f0\ud50c \uc555\ucd95\uc774 \uac00\ub2a5\ud569\ub2c8\ub2e4. \uc8fc\uac00\uac00 \ucd5c\uadfc 1\ub144\uac04 580% \uc774\uc0c1 \uc0c1\uc2b9\ud574 \ub2e8\uae30 \ucc28\uc775\uc2e4\ud604 \uc555\ub825\ub3c4 \uc874\uc7ac\ud569\ub2c8\ub2e4.<\/li><li><strong>\uacbd\uc7c1 \uc2ec\ud654:<\/strong> \ucf54\uc5b4\uc704\ube0c(CoreWeave), \ub78c\ub2e4 \ud074\ub77c\uc6b0\ub4dc(Lambda Cloud), AWS\u00b7Azure\u00b7GCP\uc758 \uc790\uccb4 AI \uc778\ud504\ub77c \ud655\ub300 \ub4f1 \uacbd\uc7c1\uc774 \uaca9\ud654\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/li><li><strong>\uace0\uac1d \uc9d1\uc911\ub3c4:<\/strong> \uba54\ud0c0\uc640 \ub9c8\uc774\ud06c\ub85c\uc18c\ud504\ud2b8\uc5d0 \ub300\ud55c \uc218\uc8fc \uc758\uc874\ub3c4\uac00 \ub192\uc544 \uc8fc\uc694 \uace0\uac1d\uc758 \uc804\ub7b5 \ubcc0\ud654 \uc2dc \ub9ac\uc2a4\ud06c\uac00 \uc9d1\uc911\ub429\ub2c8\ub2e4.<\/li><li><strong>\uc9c0\uc815\ud559\uc801 \ub9ac\uc2a4\ud06c:<\/strong> \uad6c \uc580\ub371\uc2a4 \uacc4\uc5f4\uc0ac\ub77c\ub294 \uc5ed\uc0ac\uc801 \ubc30\uacbd\uacfc \uc774\uc2a4\ub77c\uc5d8 \uc0ac\uc5c5\ubd80 \uc6b4\uc601\uc73c\ub85c \uc778\ud55c \uc9c0\uc815\ud559\uc801 \ub9ac\uc2a4\ud06c\uac00 \uc77c\ubd80 \ud22c\uc790\uc790\uc5d0\uac8c \ubd88\ud655\uc2e4\uc131\uc744 \uc57c\uae30\ud569\ub2c8\ub2e4.<\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud22c\uc790 \uc758\uacac \ubc0f \uacb0\ub860<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\ud22c\uc790\uc758\uacac: \ub9e4\uc218 (Buy) | \ud655\uc2e0\ub3c4: \uc911\uac04 | \ud22c\uc790\uae30\uac04: 12\uac1c\uc6d4<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ub124\ube44\uc6b0\uc2a4\ub294 AI \uc778\ud504\ub77c \uc2dc\uc7a5\uc5d0\uc11c \uac00\uc7a5 \ube60\ub974\uac8c \uc131\uc7a5\ud558\ub294 \ub124\uc624\ud074\ub77c\uc6b0\ub4dc \uae30\uc5c5 \uc911 \ud558\ub098\uc785\ub2c8\ub2e4. 460\uc5b5 \ub2ec\ub7ec(\uc57d 68\uc870 \uc6d0) \uc218\uc8fc\uc794\uace0\uc640 \uba54\ud0c0\u00b7\ub9c8\uc774\ud06c\ub85c\uc18c\ud504\ud2b8\u00b7NVIDIA\uc640\uc758 \uc804\ub7b5\uc801 \ud30c\ud2b8\ub108\uc2ed\uc740 \ud5a5\ud6c4 \uc218\ub144\uac04\uc758 \ub9e4\ucd9c \uac00\uc2dc\uc131\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4. 2026\ub144 \uac00\uc774\ub358\uc2a4(\ub9e4\ucd9c 30~34\uc5b5 \ub2ec\ub7ec, ARR 70~90\uc5b5 \ub2ec\ub7ec)\uac00 \uc2e4\ud604\ub41c\ub2e4\uba74 \ud604\uc7ac \uc8fc\uac00\ub294 \ud569\ub9ac\uc801\uc778 \uc218\uc900\uc5d0\uc11c \ucd94\uac00 \uc0c1\uc2b9 \uc5ec\ub825\uc744 \ubcf4\uc720\ud569\ub2c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ub2e4\ub9cc, \ud604\uc7ac \uc8fc\uac00\ub294 \uacf5\uaca9\uc801\uc778 \uc131\uc7a5 \uc2dc\ub098\ub9ac\uc624\ub97c \uc0c1\ub2f9 \ubd80\ubd84 \uc120\ubc18\uc601\ud558\uace0 \uc788\uace0 \ubcc0\ub3d9\uc131\uc774 \ub9e4\uc6b0 \ub192\uc2b5\ub2c8\ub2e4. \ub2e8\uae30\uc801\uc73c\ub85c\ub294 52\uc8fc \uc2e0\uace0\uac00 \uadfc\ubc29\uc5d0\uc11c\uc758 \ucc28\uc775\uc2e4\ud604 \uc555\ub825\uacfc \ub300\uaddc\ubaa8 CapEx \uc9d1\ud589\uc5d0 \ub530\ub978 \ubd88\ud655\uc2e4\uc131\uc744 \uc720\uc758\ud574\uc57c \ud569\ub2c8\ub2e4. \ud3ec\uc9c0\uc158\uc740 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 5~10% \uc774\ub0b4\ub85c \uc81c\ud55c\ud558\uace0, \ubd84\ud560 \ub9e4\uc218 \uc804\ub7b5\uc744 \uad8c\uc7a5\ud569\ub2c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AI \ubc18\ub3c4\uccb4 \uacf5\uae09\ub9dd \ubd84\uc11d\uc744 \uc704\ud574 <a href=\"https:\/\/andyguy.com\/marvell-technologymrvl-%ed%88%ac%ec%9e%90-%eb%b6%84%ec%84%9d-%eb%a6%ac%ed%8f%ac%ed%8a%b8\/\" title=\"Marvell Technology(MRVL) \ud22c\uc790 \ubd84\uc11d \ub9ac\ud3ec\ud2b8\">\ub9c8\ubca8 \ud14c\ud06c\ub180\ub85c\uc9c0(MRVL) \ubd84\uc11d \ub9ac\ud3ec\ud2b8<\/a>\ub3c4 \ud568\uaed8 \ucc38\uace0\ud558\uc2dc\uba74 AI \uc778\ud504\ub77c \ud22c\uc790 \uc804\ubc18\uc744 \uc774\ud574\ud558\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub429\ub2c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u203b \ubcf8 \ub9ac\ud3ec\ud2b8\ub294 \uc815\ubcf4 \uc81c\uacf5 \ubaa9\uc801\uc73c\ub85c \uc791\uc131\ub418\uc5c8\uc73c\uba70, \ud22c\uc790 \uad8c\uc720\uac00 \uc544\ub2d9\ub2c8\ub2e4. \ud22c\uc790 \uacb0\uc815\uc740 \ubcf8\uc778\uc758 \ud310\ub2e8\uacfc \ucc45\uc784 \ud558\uc5d0 \uc774\ub8e8\uc5b4\uc838\uc57c \ud569\ub2c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u203b \uc774 \uae00\uc740 \uacf5\uac1c \ub370\uc774\ud130\ub97c \ubc14\ud0d5\uc73c\ub85c AI \ub9ac\uc11c\uce58 \ub3c4\uad6c\uc758 \ub3c4\uc6c0\uc744 \ubc1b\uc544 \uc791\uc131\ub418\uc5c8\uc73c\uba70, \ubc1c\ud589 \uc804 \uc800\uc790\uac00 \ub0b4\uc6a9\uc744 \uac80\ud1a0\ud588\uc2b5\ub2c8\ub2e4. \uc815\ubcf4 \uc81c\uacf5 \ubaa9\uc801\uc774\uba70 \ud22c\uc790 \uad8c\uc720\uac00 \uc544\ub2d9\ub2c8\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Complete Analysis of Nevius Group (NBIS) \u2013 $46 billion order backlog, large-scale contract with Meta, 2026 revenue guidance of $3-3.4 billion. A comprehensive summary of current Buy\/Hold recommendations and 1-year target price scenarios.<\/p>","protected":false},"author":1,"featured_media":192,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62,152],"tags":[36,52,58,50,5,55],"class_list":["post-138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai-datacenter","category-us-stock-analysis","tag-ai","tag-nbis","tag-nebius","tag-50","tag-5","tag-stock-analysis"],"_links":{"self":[{"href":"https:\/\/andyguy.com\/en\/wp-json\/wp\/v2\/posts\/138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/andyguy.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/andyguy.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/andyguy.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/andyguy.com\/en\/wp-json\/wp\/v2\/comments?post=138"}],"version-history":[{"count":2,"href":"https:\/\/andyguy.com\/en\/wp-json\/wp\/v2\/posts\/138\/revisions"}],"predecessor-version":[{"id":490,"href":"https:\/\/andyguy.com\/en\/wp-json\/wp\/v2\/posts\/138\/revisions\/490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/andyguy.com\/en\/wp-json\/wp\/v2\/media\/192"}],"wp:attachment":[{"href":"https:\/\/andyguy.com\/en\/wp-json\/wp\/v2\/media?parent=138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/andyguy.com\/en\/wp-json\/wp\/v2\/categories?post=138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/andyguy.com\/en\/wp-json\/wp\/v2\/tags?post=138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}