Serenity: Rebius rises against the trend and is the purest and most asymmetric Neocloud target According to BlockBeats, on September 24th, Serenity stated that while the AI infrastructure and Neocloud sectors were declining overall, Nebius (NBIS) was able to rise by about 6% against the trend, which is an outrageous relative strength. Oracle has issued a force majeure notice due to the possibility that Project Jupiter, a large data center project in New Mexico, may not be able to open in 2028, in an attempt to hedge the risk of rising costs. This indicates that full stack delivery and large project execution risks are hitting the industry, and NBIS has relatively avoided such troubles. Serenity further pointed out that even if the core business continues to surge after 2027, the market may still underestimate the growth potential of Nebius' various businesses. Nebius is the "purest and most asymmetric Neocloud" target, without the full stack execution uncertainty of IREN or ORCL, the high interest debt pressure of CRWV or APLD, and the problem of unstable contracts for major customers when some mining companies transform to the cloud. [Original link]