TLDR
- Bank of America initiated coverage of Nebius (NBIS) with a Buy rating and $150 price target, implying ~30% upside
- BofA also reiterated a Buy on CoreWeave (CRWV) with a $100 price target (~22% upside)
- Nebius launched AI Cloud 3.5, adding serverless AI computing to its full-stack cloud platform
- The update adds Nvidia’s RTX PRO 6000 Blackwell Server Edition to its GPU lineup
- Nebius is targeting 1GW of near-term capacity with a pipeline goal of over 3GW
Nebius Group (NBIS) stock is in focus Thursday after Bank of America initiated coverage with a Buy rating and a $150 price target. That implies roughly 30% upside from current levels.
The call came on the same day Nebius launched AI Cloud 3.5, the latest update to its full-stack cloud platform.
The new release introduces serverless AI computing, letting developers launch workloads almost instantly without having to configure infrastructure manually. Nebius says the platform handles infrastructure setup and runtime management so teams can focus on building, not managing environments.
🚨 $NBIS released an update to its AI cloud platform.
Nebius AI Cloud 3.5 introduces serverless AI, allowing developers to build, run, and scale AI workloads without managing infrastructure.
In practice:
• Workloads can be launched almost instantly
• Infrastructure… pic.twitter.com/BGd7rpptaA— M. V. Cunha (@mvcinvesting) March 26, 2026
The serverless feature is currently available in public preview.
AI Cloud 3.5 also adds Nvidia’s RTX PRO 6000 Blackwell Server Edition to its GPU lineup. The chip is designed to handle AI inference, industrial robotics, physical AI simulations, visual computing, and drug discovery workloads.
A new Data Transfer Service also arrived with the update. It simplifies data migration and replication between external storage systems and Nebius cloud regions, cutting down on data management overhead for teams working across multiple environments.
Bank of America’s View on Nebius
BofA sees Nebius as a platform-oriented player in a supply-constrained AI infrastructure market. The bank describes the company as being at an earlier stage than CoreWeave, trading at a discount as it continues to scale.
Nebius is targeting triple-digit revenue growth off a smaller base. The company has set a near-term capacity goal of 1GW, with plans to push the pipeline beyond 3GW.
Analysts flagged that scaling will require heavy capital spending, and financing costs won’t be cheap. Pricing pressure and growing competition in the AI cloud space were also cited as risks to watch.
Still, BofA views Nebius as a key beneficiary of the ongoing AI buildout — provided execution stays on track.
CoreWeave Also in Focus
BofA’s note also reiterated a Buy on CoreWeave (CRWV) with a $100 price target. The bank expects CoreWeave to grow revenue 144% in 2026 and 86% in 2027 as it pursues additional capacity.
CoreWeave is seen as the more mature operator of the two, having already converted backlog into real revenue. BofA values it more like an established growth company, while Nebius still trades at a discount.
Nebius’s AI Cloud 3.5 serverless feature is live in public preview as of today.
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