NBIS: $300 to $129. Is Thursday the comeback party?

NBIS has been getting smacked around, but Thursday could be its chance to fight back.

Look at the numbers. Q2 revenue came in at $582 million. Wall Street is looking for roughly $907 million in Q3. That’s a 56% jump in just three months. The company is targeting $3–3.4 billion in revenue for 2026. Business is moving FAST.

But the stock? Not so much. It closed Friday at $129.49, even after a 7.6% bounce. The 52-week high was nearly $300. Ouch. That’s a lot of investors looking at their portfolios and asking what happened.

Now comes the fun part. Thursday’s earnings.

Three things to watch:

• Can revenue hit that $907 million estimate?
• Are those new data centers and GPUs coming online fast enough?
• What does management say about 2027? More growth, or more excuses about spending and delays?

And check this out: the options market is pricing in roughly a 19% move by Friday. That’s about $25 in either direction. Apparently, traders are not planning a relaxing Thursday.

Here’s the bull case: NBIS delivers, guidance stays strong, and buyers who have been sitting on the sidelines suddenly remember this stock exists. A beaten-down growth stock with numbers to back up the story? That can get people’s attention very quickly.

Of course, if the report disappoints, the elevator works both ways.

The interesting part is that NBIS doesn’t need to reach $300 again to make this a worthwhile comeback story. It just needs to prove the growth machine is still running.

Thursday could get spicy. Keep an eye on this one.

Not financial advice.