Investor Reveals Dual NBIS-AKAM Position: Betting Both Ends of the Compute Stack
pdamodaran · x · 2026-11-14
An early Nebius investor (average cost in the low $40s) discloses he sold a third of the position between $200-300, while holding underwater Akamai shares (average low $90s) at equal weight. His thesis: the two sit at different ends of the compute stack — Akamai is a conservative re-rating play on growth ramping to 20% with security and balance-sheet advantages, while Nebius is an asymmetric risk bet where gains are now "house money." Both matter in the Nvidia ecosystem but aren't tied to one hardware ecosystem.
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