Stock Track | NEBIUS Surges Over 6% as Citron Calls it the "Next AI Wall Street Darling" on NVIDIA Backing

Stock Track12-05

Shares of NEBIUS (NASDAQ:NBIS) soared over 6% in pre-market trading on Thursday, following bullish comments from Citron Research touting the company as the "next AI Wall Street darling" due to its deep ties with NVIDIA and perceived undervaluation compared to rival CoreWeave.

The surge comes after NEBIUS announced a $700 million private placement financing round backed by NVIDIA, Accel, and Orbis Investments. Citron highlighted the long-standing relationship between NEBIUS and NVIDIA, noting the chip giant's investment "was not out of the blue." The research firm projected a potential $60 share price for NEBIUS based on a 50% discount to CoreWeave's valuation multiple.

Citron praised NEBIUS's CEO Arkady Volozh, a renowned Russian technology entrepreneur and computer science expert, for his plans to expand the company's advanced AI infrastructure across two continents. With no analyst coverage yet, Citron believes the market has not fully recognized NEBIUS's massive potential in the rapidly growing AI infrastructure space.

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