Nebius Group Stock Soars 242% on Microsoft and Meta AI Deals, Wall Street Bullish
Nebius Group's stock has skyrocketed 242% year-to-date, propelled by multi-billion-dollar AI infrastructure deals with tech giants Microsoft and Meta. The Amsterdam-based cloud provider now commands a $22.14 billion market capitalization as demand for AI computing power reaches fever pitch.
Citizens JMP analyst Gregory Miller issued a $175 price target, signaling 80% upside potential, while the Street maintains a Strong Buy rating with average targets at $164.20. Nebius' Q3 revenue growth underscores its competitive positioning in high-performance AI workloads, with early customer adoption validating its R&D investments in machine learning infrastructure.