S&P 500 Futures Rise as Oil Falls; Nebius Lands $12B Meta Contract
US stock futures rebounded as oil prices declined and the dollar weakened following developments in the Iran conflict, while Asian markets edged higher. Analysts raised Nebius Group’s price target to $200 after securing a $12 billion Meta contract and reiterated a $30 target on WaterBridge Infrastructure.
1. Futures Rebound and Asia Gains
US stock futures climbed after oil prices declined and the dollar weakened following developments in the Iran conflict. Asian benchmarks also edged higher on the same factors.
2. Nebius Group’s $12 Billion Meta Contract
Nebius Group secured a $12 billion contract with Meta, up from its initial $3 billion engagement, boosting contracted power to roughly 2 gigawatts. This led analysts to lift the price target to $200 while maintaining a Buy rating.
3. WaterBridge Infrastructure Rating Affirmed
Analysts reiterated a Strong Buy rating and set a $30 price target on WaterBridge Infrastructure, highlighting its premium position in oil and gas water management. Long-term opportunities for market share expansion in produced water solutions underpin the positive outlook.
4. Commodities Rally and Bond Market Focus
Tungsten rallied 557%, outpacing gold and copper amid heightened industrial demand. Bond market participants are also shifting attention to growth concerns as oil price swings influence yield dynamics.