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NBIS closed Friday at $277.68, up 8.88% on the day. Hit $278.66 at the high after opening around $258. Volume was 29M – solid buying.
Overnight is showing around $280.20, up another 0.9% – momentum still there.
Here's the GEX setup:
Put Wall $220, Call Wall $250, gamma flip around $209. Friday's close at $277.68 is sitting above both walls – positive gamma territory, dealers supporting the upside. [GEX? Never heard of it? Here ya go](https://www.moomoo.com/us/learn/detail-gamma-exposure-gex-understanding-dealer-hedging-flows-and-key-levels-107906-260473079?global_content=%7B%22promote_content%22:%2211067213%22,%22promote_id%22:20795,%22promote_type%22:43,%22sub_promote_id%22:1%7D)
Technically, we've blown past the upper Bollinger band ($267.59). RSI in the mid 70s. MACD positive and widening – momentum is strong.
Ok so NBIS had one of the most chaotic weeks of any AI name. Earnings dropped – revenue up 454% YoY to $582M, stock went vertical, up 34% in a single session. Then the very next day it faded as people took profits. Now it's ripped right back, up almost 9% today alone, sitting around $277-278 – basically knocking on the door of its 52-week high.
AI cloud infrastructure demand is real, contracted, and growing insanely fast. Every time this stock pulls back, buyers show up. There's also a fresh infrastructure deal with a major data center operator that dropped this week.
Also worth knowing: this same AI infrastructure trade got hit with brutal forced selling a few weeks back – funds blowing up, positions getting liquidated. The fact that it's roared back this hard afterward is either a sign the selling was way overdone, or a sign this trade is just built for extreme swings.
Technically, some see a bullish reversal pattern with real room to run if it clears its highs – others see resistance that's rejected the stock before.
Basically: fundamentals are exceptional, growth is real, but this stock is a battleground – massive conviction on both sides, violence in both directions.
Short-term, above $250 and the Call Wall becomes support – $300 could come next. Below $220 and the Put Wall flips to resistance.
Anyway, that's it from me. Happy Monday.
DYOD🫡