Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Nebius Group's third-quarter 2025 financial performance demonstrated significant revenue growth and demand strength, albeit accompanied by some constraints and strategic challenges.</li><li>Arkady Volozh, the Founder and CEO, highlighted robust demand, particularly from high-profile customers such as Meta and Microsoft.</li><li>The company reported a major deal with Meta valued at approximately $3 billion over five years and a previous deal with Microsoft ranging from $17.4 billion to $19.4 billion.</li></ul>

Nebius Group's third-quarter 2025 financial performance demonstrated significant revenue growth and demand strength, albeit accompanied by some constraints and strategic challenges.Arkady Volozh, the Founder and CEO, highlighted robust demand, particularly from high-profile customers such as Meta and Microsoft.The company reported a major deal with Meta valued at approximately $3 billion over five years and a previous deal with Microsoft ranging from $17.4 billion to $19.4 billion.

Nebius: Inside the Massive AI Data-Center Expansion Powering Its Next Growth Phase!

Independent in-depth research from Finimize, Finimize

Finimize Research

Independent in-depth research from Finimize

Finimize

Finimize is the #1 information platform for modern investors. We empower people to become smarter investors with bitesize insights from world-class analysts. 1 million+ strong community, 250 partners.

<ul>
<li>Big Tech is throwing hundreds of billions of dollars at the AI boom and neocloud providers, who are building AI data centers, are central players.</li>
<li>I wrote a Research piece about Nebius two months ago. Since then, its stock has doubled, thanks in part to a $17.4 billion contract with Microsoft.</li>
<li>I took a close look at the deal, ran some scenarios, and came across IREN, a promising but lesser-known company that’s trying to follow the same playbook</li>
</ul>


Big Tech is throwing hundreds of billions of dollars at the AI boom and neocloud providers, who are building AI data centers, are central players.
I wrote a Research piece about Nebius two months ago. Since then, its stock has doubled, thanks in part to a $17.4 billion contract with Microsoft.
I took a close look at the deal, ran some scenarios, and came across IREN, a promising but lesser-known company that’s trying to follow the same playbook


Nebius ($NBIS) Is Riding High – And This Hidden Rival Is Copying Its AI Playbook

<ul>
<li>Demand for AI compute has opened the door to a new kind of business: GPU-as-a-Service.  New kids on the block, Nebius and CoreWeave, are competing with the hyperscalers.</li>
<li>Nebius has gained a foothold in the rapidly growing AI data center market, and it's eyeing up to $1 billion in recurring revenue by the end of 2025. </li>
<li>The best comp is CoreWeave,  but Nebius' balance sheet is much stronger, allowing it access to cheaper capital to help fund its growth.</li>
</ul>


Demand for AI compute has opened the door to a new kind of business: GPU-as-a-Service.  New kids on the block, Nebius and CoreWeave, are competing with the hyperscalers.
Nebius has gained a foothold in the rapidly growing AI data center market, and it's eyeing up to $1 billion in recurring revenue by the end of 2025. 
The best comp is CoreWeave,  but Nebius' balance sheet is much stronger, allowing it access to cheaper capital to help fund its growth.


The “Nebius” Big Thing: The AI Stock You Want To Know Now

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>Nebius Group NV purchased assets from oligarchs at a deep discount to become owners of the "new" Yandex</li><li>Value of NBIS is currently uncertain but there is potential for significant upside as they rebuild the business</li><li>Author sees NBIS as a promising opportunity but urges further discussion and analysis before investing</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Nebius Group NV purchased assets from oligarchs at a deep discount to become owners of the "new" YandexValue of NBIS is currently uncertain but there is potential for significant upside as they rebuild the businessAuthor sees NBIS as a promising opportunity but urges further discussion and analysis before investingThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Nebius Group N V (NBIS) - Friday, Nov 15, 2024

<ul>
<li>Here’s your monthly look at the analysts’ investment ideas – and how they’ve done so far. Plus, the plays that Russell, Theodora, Reda, and Stéphane are watching now.</li>
<li>Every month, we round up how our picks and strategies are performing, and the performance data and links to the original Research Drops.</li>
<li>Our investing ideas have delivered an average absolute annualized return of 46%, outperforming their benchmarks by 22%, with a “hit rate” of 84%.</li>
</ul>


Here’s your monthly look at the analysts’ investment ideas – and how they’ve done so far. Plus, the plays that Russell, Theodora, Reda, and Stéphane are watching now.
Every month, we round up how our picks and strategies are performing, and the performance data and links to the original Research Drops.
Our investing ideas have delivered an average absolute annualized return of 46%, outperforming their benchmarks by 22%, with a “hit rate” of 84%.


How Our Research Picks Have Held Up: December 2025

Netherlands

Nebius Group is a technology company providing infrastructure and services to AI builders globally. The group's core business, Nebius, is an AI-centric cloud platform built for AI workloads. Nebius Group serves customers worldwide.

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Nebius Group (NBIS US)

Nebius: Inside the Massive AI Data-Center Expansion Powering Its Next Growth Phase!

Nebius Group's third-quarter 2025 financial performance demonstrated significant revenue growth and demand strength, albeit accompanied by some...

Baptista Research

Nebius ($NBIS) Is Riding High – And This Hidden Rival Is Copying Its AI Playbook

Big spending by hyperscalers and frontier AI companies on AI data centers has created an opportunity to build AI data centers. Nebius is becoming a...

Finimize Research

The “Nebius” Big Thing: The AI Stock You Want To Know Now

Nebius is developing data centers tailor-made for the AI boom, and its strong balance sheet and skilled engineers allow it to compete with the...

Finimize Research

Nebius Group N V (NBIS) - Friday, Nov 15, 2024

Nebius Group NV purchased assets from oligarchs at a deep discount to become owners of the "new" Yandex. Value of NBIS is currently uncertain but...

Value Investors Club (VIC)

How Our Research Picks Have Held Up: December 2025

Here’s your monthly look at the analysts’ investment ideas – and how they’ve done so far. Plus, the plays that Russell, Theodora, Reda, and...

Finimize Research

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