NBIS Surges 9% After Nebius Officially Joins Nasdaq-100, Market Sentiment Strengthens
Nebius (NBIS) Gains Market Attention After Nasdaq-100 Inclusion, Stock Surges
Nebius Group (NBIS), an AI cloud infrastructure company, is drawing strong market attention after Nasdaq announced the company will officially join the Nasdaq-100 Index on June 22.
Following the announcement, NBIS shares jumped around 8.9% in pre-market trading on June 15. The stock is currently trading near $218, while analysts expect further upside with price targets ranging between $235 and $287.
Nebius’ inclusion in the Nasdaq-100 is expected to drive short-term demand, as ETFs and investment funds tracking the index are required to buy shares of newly added companies. Nebius will join other newly added firms including CoreWeave (CRWV), Rocket Lab (RKLB), Astera Labs (ALAB), and Teradyne (TER).
The stock has delivered impressive growth, surging more than 320% over the past year and gaining 135% since the beginning of 2026. Its market valuation now stands close to $55 billion, putting it on a similar level with competitor CoreWeave.
Nebius was previously part of Russian tech giant Yandex. After Yandex trading was suspended in 2022 due to international sanctions, the company sold its Russian business, rebranded as Nebius, and shifted focus toward AI cloud infrastructure with GPU-powered data centers across Europe and North America.
Major Tech Partnerships Strengthen Growth
One of the biggest drivers behind Nebius’ momentum is its partnership with major global technology companies.
Microsoft signed a GPU infrastructure agreement worth $17 billion in September 2025. Meta later announced a computing partnership valued at up to $27 billion in March 2026.
Nvidia has also invested $2 billion in equity, while the Situational Awareness fund, founded by former OpenAI researcher Leopold Aschenbrenner, recently acquired a 5.6% stake in the company.
Morningstar analyst Javier Correonero said these partnerships strengthen Nebius’ credibility as a serious AI infrastructure provider while also helping fund its expansion plans.
In Q1 2026, Nebius reported revenue of $399 million, marking a massive 684% year-over-year increase. The company expects annual revenue to reach between $7 billion and $9 billion this year.
Strong Potential, But Risks Remain
Several Wall Street analysts remain bullish on NBIS. Goldman Sachs raised its price target from $234 to $267. Citi maintained one of the highest targets at $287, while Bank of America increased its target price to $280.
According to TipRanks, NBIS currently holds a Moderate Buy rating, based on six Buy recommendations and four Hold ratings.
However, Morningstar has taken a more cautious view, estimating the fair value of NBIS at around $120, significantly below its current market price.
Key concerns include high capital spending requirements, potential shareholder dilution, and the company’s reliance on a limited number of major hyperscaler clients.
Nebius plans to spend between $20 billion and $25 billion on capital expenditures throughout 2026.
Despite the risks and high volatility, many investors see Nebius as one of the most attractive opportunities in the rapidly growing global AI infrastructure sector.
Most recently, the company announced a £1.7 billion investment to expand data center capacity in the UK with Nvidia support, while also launching a new Physical AI Living Lab aimed at supporting robotics startups.
