Nebius jumps as investors eye AI demand
NBIS•Nebius shares rose 18.9% to $159.30 ahead of its third-quarter results, with investors focused on AI infrastructure demand and capacity expansion; analysts expect revenue of $907.5 million.
1. Investors await results
Nebius Group shares rose 18.9% to $159.30 on Wednesday ahead of quarterly results due before Thursday’s market open. Analysts expect revenue of $907.5 million, up from $146.1 million a year earlier, and adjusted earnings per share of negative $0.69 versus negative $0.40 in the year-ago quarter.
2. Financing and estimates
The stock rose after CoreWeave’s upbeat earnings and outlook eased investor concerns about the AI trade. Nebius secured a $3.5 billion financing facility from Citi last month to fund data center development and GPU purchases; 16 analysts rate the stock buy or higher, eight rate it hold, and the median price target is $300, up from $255 three months ago.
