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Nebius Group Stock Surges 16% as Analysts Champion AI Cloud Leadership
Nebius Group Stock Surges 16% as Analysts Champion AI Cloud Leadership
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BTCCSquare news:
Nebius Group NV (NBIS) shares soared 16.2% to $51.49 following Goldman Sachs' bullish initiation of coverage. The investment bank set a $68 price target, highlighting Nebius' full-stack GPU solutions and scalability in the AI infrastructure sector. BWS Financial raised its target to $80, while DA Davidson lifted to $55, reflecting growing institutional confidence.
The company reported explosive 385% YoY revenue growth to $55.3 million in Q1, capitalizing on Europe's first Nvidia GB200 Superchip deployment. Nebius' positioning as a generative AI compute provider aligns with surging demand for high-performance cloud solutions, with multiple analysts now projecting continued upside.
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