NEBIUS (NBIS) stock surged 5.20% during Tuesday's intraday trading session, continuing its recent positive momentum.
The sharp rise follows a Bank of America analyst raising the price target for Nebius Group from $150 to $175, maintaining a Buy rating. The analyst highlighted that both Nebius and CoreWeave have recently won contracts due to robust AI infrastructure demand.
Nebius's positioning is further validated by its large hyperscaler backlog, which includes a contract with Meta worth approximately $27 billion and an agreement with Microsoft to provide dedicated GPU infrastructure capacity. Additionally, Nvidia's $2 billion strategic investment and commitment reinforces Nebius's status as a preferred AI cloud provider within the global AI infrastructure ecosystem.
Comments