ENTITY · nebius

Nebius GroupNBIS

Netherlands·neocloud·challenger·$72.8B mkt cap

AI-focused GPU cloud spun out of Yandex; full-stack neocloud.

CLEAR · 0–39

26/100 illustrative

Underwriting Thesis

CLEAR — Nebius Group: sanctions exposure in its immediate supply path in neocloud. A chokepoint underwriting concern at this tier.

Factor Breakdown

Foreign-Origin Concentration18

Sole-Source Dependence29

Sanctions Exposure45

Downstream Criticality9

Sanctions Exposure

Entity not present on tracked screening lists (CSL).

DoD Exposure

No matched DoD semiconductor awards (USASpending) for this entity.

Possible substitutes · same commodity buckets

Chokepoint Relationships