TLDR
- NBIS hit an all-time high of $279.80 on Wednesday, up around 6.1% on the day
- Stock is up 470% over the past year and 251% over the past six months
- Nebius completed its $643 million acquisition of Eigen AI, adding inference and model optimization capabilities
- The company confirmed it will join the Nasdaq-100, triggering expected buying from index funds and ETFs
- Wall Street carries a “Moderate Buy” consensus with an average price target of $203.25
Nebius Group (NBIS) hit a fresh all-time high of $279.80 on Wednesday, gaining around 6.1% in a single session. The stock last traded around $271.58, up from a previous close of $265.10.
To put that in context, NBIS was trading at just $43.89 at its 52-week low. The stock has now returned 470% over the past year and surged 251% in just the last six months.
Two catalysts are driving the current move. First, Nebius closed its $643 million acquisition of Eigen AI, a deal first announced in early May. The acquisition adds inference and model optimization capabilities to Nebius’s Token Factory platform.
Eigen AI strengthens Nebius’s position as a full-stack AI cloud provider. The deal cleared regulatory approvals and met all standard closing conditions before completing.
Nasdaq-100 Inclusion
The second major catalyst is the confirmed addition of NBIS to the Nasdaq-100. Index inclusion typically drives mechanical buying from funds and ETFs that track the benchmark, and that effect appears to be playing out in the price.
Nebius has also been busy on the infrastructure side. The company signed a 22-megawatt, 10-year agreement with Kao Data for AI infrastructure deployment at the Harlow data center campus in the UK. That deal is part of a broader £1.7 billion UK investment plan.
On the power side, Nebius is partnering with Bloom Energy on a 328 MW fuel cell project to provide electricity for its AI cloud platform, replacing a previously planned combustion-based approach.
Situational Awareness, an investment firm run by former OpenAI researcher Leopold Aschenbrenner, recently disclosed a 5.6% stake in Nebius. That’s the kind of validator that tends to get noticed in the AI space.
What Analysts Are Saying
Wall Street’s view is broadly positive. Nine analysts rate NBIS a Buy, six have a Hold, and the consensus sits at “Moderate Buy.” The average price target is $203.25 — below where the stock currently trades.
Bank of America raised its target to $280 on June 8 with a Buy rating. Citizens JMP pushed its target to $270 in May with a “Market Outperform.” Morgan Stanley is the most cautious of the group, holding an Equal Weight with a $144 target.
The company’s most recent earnings, reported May 14, came in well ahead of expectations. Nebius posted a loss of $0.23 per share versus the consensus estimate of -$0.77. Revenue hit $399 million, up 684% year-over-year and above the $375 million analysts expected.
One note of caution: insiders have been selling. Director Elena Bunina and CTO Danila Shtan both sold under pre-arranged 10b5-1 plans in recent weeks. In the last 90 days, insiders have sold a combined $132 million worth of stock.
Institutional ownership stands at 21.9% of the float. The stock carries a beta of 4.03, meaning it moves hard in both directions.
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