On June 5, Nebius Group (NASDAQ: NBIS) stands at $253.51, drifting downward toward the rising black trendline on the 1H timeframe after touching a peak of $280.69. The RSI sits within a neutral 49 to 51 range with no divergence and volume has declined during the decline, which are hallmarks of a healthy retracement, not a reversal. Q1 2026 revenue was $399 million, 684% higher than last year; adjusted EBITDA reached $129.5 million, beating forecasts with profit. The company has inked multi-year deals with Microsoft worth as much as $17 to 19 billion and Meta for as much as $27 billion, totaling up to $44 to 46 billion in potential contracts. The enterprise sits on $9.3 billion cash and is preparing to connect over 1 GW of power by year-end 2026. The $247.95 to $253 trendline is the trade’s inflection. A spinoff from Russia’s largest tech firm, Yandex, Nebius Group emerged as a public company specializing in AI data centers and cloud computing. The neocloud business makes up 98% of total sales. The $129.5 million Q1 adjusted EBITDA profit indicates unit economics work. Microsoft has agreed to provide up to $17 to 19 billion in commitments to date, and Meta has committed to up to $27 billion. The $9