Nebius Group (NBIS) shares are trading at a notable discount relative to explosive growth forecasts, with revenue projected to surge from $551 million in late 2025 to between $7 billion and $9 billion in 2026. The company provides a comprehensive AI computing platform by leasing Nvidia GPU-equipped data center capacity, focusing on AI model training and deployment. While its current price-to-sales multiple stands at 60 based on past revenue, forward-looking estimates reduce this ratio to below 7, indicating potential undervaluation. However, the firm remains unprofitable as it prioritizes expanding its operational capacity.
Asian Dividend Stocks and Regulatory Shifts
In Asian markets, dividend equities are demonstrating resilience. Japan Tobacco Inc. offers a yield of 4.31%, ranking in the country's top quartile, though its sustainability is questioned due to a cash payout ratio of 124.4%. Financial Partners Group Co., Ltd. yields 5.7%, with dividends backed by earnings, yet it carries significant debt. Separately, the UK's Financial Conduct Authority announced it will publish all trading data for London-listed shares, a move aimed at boosting market transparency and investor trust.
Blockchain and Commodity Market Movements
Blockchain-related equities are seeing elevated trading volumes early in 2026. Core Scientific (CORZ), Figure Technology Solutions (FIGR), and Globant (GLOB) are among the leaders. CORZ benefits from rising Bitcoin prices and mining demand, while FIGR innovates in blockchain-based financial services. In commodities, corn futures fell by 3 to 4.5 cents, with the national average cash price dropping to $3.97. Export commitments reached 58.735 million metric tons, 31% above last year's level. Cotton futures also declined sharply, with March contracts down 70 points to 61.06 cents per pound, pressured by rising speculative short positions and weaker export sales.
Wheat prices closed lower after the USDA increased its global stockpile forecast for the 2024/25 season by 0.5 million tonnes to 257.72 million. The adjustment came despite production cuts in the European Union, Russia, and Ukraine. Market participants now await the upcoming USDA WASDE report for further direction on grain supply estimates.
