Overview
- Nasdaq confirmed Nebius will be added to the Nasdaq‑100 effective June 22, a change that market watchers say will compel index‑tracking funds to buy shares and boost near‑term liquidity.
- The stock has surged more than 300% over the past year and trades with a market value in the tens of billions after strong Q1 results that showed $399 million in revenue and a 2026 run‑rate target of $7 billion to $9 billion.
- Nebius has secured large multiyear GPU agreements with Microsoft and Meta and took a $2 billion equity infusion from Nvidia, deals that underpin revenue and help finance its rapid buildout.
- The company completed the acquisition of inference specialist Eigen AI in early June and has announced multibillion‑dollar capex plans and multi‑gigawatt power commitments to scale data centers, raising execution and financing challenges.
- Analysts have sharply raised price targets while Morningstar’s low fair‑value estimate and recent insider stock sales highlight a wide valuation gap and signal elevated volatility for investors.