Nebius Group N.V. (NASDAQ: NBIS) ended Wednesday’s regular session sharply lower, then stabilized modestly in extended trading as investors digested a major product update and weighed broader “AI infrastructure” volatility.
By the close, NBIS finished at $75.45, down $5.50 (-6.79%) from Tuesday’s $80.95 prior close. In after-hours trading, shares ticked up to $76.02 (+0.76%) as of 6:09:55 p.m. ET. [1]
The big question heading into Thursday, Dec. 18, 2025: does this dip turn into a technical bounce (helped by “oversold” signals), or does the downtrend in high-beta AI infrastructure names continue?
After-hours snapshot: where NBIS stands heading into Thursday
Here are the key numbers investors are watching after the bell:
- Regular-session close (Wed): $75.45 [2]
- After-hours (as of 6:09 p.m. ET): $76.02 (+0.76%) [3]
- Day range: $75.25 to $84.30 (a swing of roughly 12% intraday—high volatility in action) [4]
- 52-week range: $18.31 to $141.10 [5]
- Market cap (approx.): $19.0B [6]
- Volume: about 16.8M shares, above average, per MarketBeat’s tally [7]
That combination—large intraday range plus elevated volume—often signals an active tug-of-war between dip buyers and momentum sellers rather than a “quiet drift” lower.
The main news today: Nebius launches AI Cloud 3.1 with NVIDIA Blackwell Ultra
Nebius’ headline announcement on Dec. 17 was the release of Nebius AI Cloud 3.1, positioning the platform around next-generation NVIDIA Blackwell Ultra compute and new tooling aimed at enterprise-scale deployments. [8]
What’s new in Nebius AI Cloud 3.1 (and why the market cares)
The release emphasizes three themes: next-gen compute, operational transparency, and enterprise governance. [9]
Key highlights from Nebius’ announcement include:
- Blackwell Ultra infrastructure going into production globally, including NVIDIA HGX B300 and GB300 NVL72 systems already in customer use. [10]
- Nebius says it is the first cloud provider in Europe operating both platforms in production and the first globally to run production GB300 NVL72 on 800 Gbps NVIDIA Quantum‑X800 InfiniBand, aimed at improving throughput for distributed training workloads. [11]
- Introduction of Capacity Blocks and a real-time Capacity Dashboard designed to give customers visibility into reserved GPU capacity and availability across regions—an operational pain point for teams trying to scale from pilots to production. [12]
- Expanded ecosystem + dev tooling, including Dstack integration and simplified access to NVIDIA BioNeMo NIM microservices (Nebius lists examples such as Boltz2, Evo‑2, GenMol, MolMIM). [13]
- Additional enterprise controls (quotas, storage rules, audit logs), including Microsoft Entra ID integration for IAM/SSO governance. [14]
Nebius also announced a technical walkthrough webinar for AI Cloud 3.1 scheduled for January 29 (6 p.m. CET / midday ET / 9 a.m. PT). [15]
So why did NBIS fall hard today anyway?
It’s an important nuance for investors: today’s headline was product-positive, but the stock move was risk-off.
A few factors likely contributed to the disconnect:
1) Traders remain sensitive to “neocloud” volatility and expectations
Nebius is widely grouped with other AI infrastructure / GPU cloud plays, a segment that can swing violently when the market rotates away from high-growth, capital-intensive stories—especially into year-end positioning.
2) Recent financial narrative still matters more than a feature release
Benzinga’s coverage today pointed back to the company’s Q3 revenue and full-year revenue outlook, noting that Nebius reported $146.1M for Q3 (below the cited Wall Street estimate) and guided $500M–$550M for full-year revenue (also below the cited analyst consensus). [16]
That kind of “growth vs. expectations” framing can dominate short-term trading, even on a day when product execution looks strong.
3) Oversold signals are appearing—but oversold doesn’t mean “done falling”
Nasdaq.com (BNK Invest) flagged NBIS as oversold on Wednesday, citing an RSI reading of 28.3 (with “oversold” commonly defined below 30). [17]
Oversold conditions can set up a bounce, but in fast-moving stocks they can also persist if sellers keep control.
Analyst forecasts and targets: still bullish on paper, but the range is wide
If you’re looking for “where Wall Street thinks NBIS can go,” the headline is that targets remain far above today’s price—yet there’s meaningful dispersion depending on the dataset and analyst mix.
- MarketBeat lists a consensus target of $144.71 and notes targets as high as $211, with the overall consensus described as Buy. [18]
- TipRanks describes a Strong Buy consensus (based on the last three months of ratings in its snapshot) and shows an average price target of $164.20 in the article published today. [19]
What investors should take from that
- The Street’s bull case remains intact: AI compute demand, long-term contracts, and execution on capacity are the recurring themes. [20]
- But the gap between price and targets also highlights the market’s worry: execution risk + capital intensity + volatility can cause huge drawdowns even inside a long-term growth story.
Ownership and positioning: who holds NBIS?
TipRanks’ piece published today also points to a mixed ownership picture (useful context because “who owns it” can influence volatility):
- It states that public companies and individual investors own 58.74% of NBIS, with institutional investors at 30.15%, ETFs at 6.44%, and mutual funds at 4.66% (as presented in the article). [21]
Why it matters: when a stock has a large retail/individual component alongside institutions, you can see bigger reaction functions to headlines—especially in a high-beta AI name.
What to know before the market opens tomorrow (Thu, Dec. 18, 2025)
Here’s a practical checklist for premarket preparation—focused on what can move NBIS at the open.
1) Watch whether after-hours firmness holds into premarket liquidity
After-hours moves can be thin. If NBIS holds above the mid-$75 area into the morning, it strengthens the “stabilization” story. If it fades quickly on modest volume, it can signal sellers are still in control.
Key reference points from today:
- Support zone to watch: around today’s low near $75.25 [22]
- First upside hurdle: the upper part of today’s range near the low-$80s, where earlier selling pressure appeared [23]
2) Track NVIDIA and the AI infrastructure tape
Today’s product update is tightly coupled to NVIDIA’s ecosystem (Blackwell Ultra, InfiniBand, NIM services). [24]
If semiconductor/AI infrastructure sentiment is risk-on Thursday morning, NBIS tends to respond with amplified moves (up or down).
3) Don’t ignore macro at 8:30 a.m. ET: data can swing rates and “long-duration” AI stocks
High-growth tech names are often sensitive to Treasury yields and inflation expectations. On Thursday morning:
- U.S. Initial Jobless Claims are on the calendar for Dec. 18, 2025. [25]
- Multiple calendars also place jobless claims at 13:30 GMT (8:30 a.m. ET). [26]
- The Philadelphia Fed calendar shows the December Manufacturing Business Outlook Survey release on Dec. 18 at 8:30 a.m. [27]
If these releases push yields higher (inflation worry) or lower (growth worry), high-beta AI infrastructure stocks can react sharply.
4) Remember the holiday calendar: normal hours now, but year-end trading conditions are approaching
U.S. equity markets are closed Dec. 25 and typically have an early close Dec. 24 (1:00 p.m. ET), which can affect liquidity as the holiday nears. [28]
Low liquidity environments can exaggerate moves—especially in volatile names like NBIS.
The bottom line for NBIS heading into Thursday
Nebius stock closed down ~6.8% on Dec. 17, 2025, but showed a small after-hours rebound. [29] The day’s core headline—AI Cloud 3.1 with NVIDIA Blackwell Ultra and new capacity management features—reinforces the company’s strategy to compete in production-scale AI infrastructure. [30]
For Thursday’s open, the setup is straightforward:
- Bull case (near-term): oversold conditions (RSI) plus a strong product narrative can spark a bounce if the broader AI tape cooperates. [31]
- Bear case (near-term): guidance/expectations and sector volatility keep pressure on the stock, and any macro-driven rise in yields could weigh on high-growth AI infrastructure names. [32]
References
1. www.google.com, 2. www.google.com, 3. www.google.com, 4. www.google.com, 5. www.google.com, 6. www.google.com, 7. www.marketbeat.com, 8. nebius.com, 9. nebius.com, 10. nebius.com, 11. nebius.com, 12. nebius.com, 13. nebius.com, 14. nebius.com, 15. nebius.com, 16. www.benzinga.com, 17. www.nasdaq.com, 18. www.marketbeat.com, 19. www.tipranks.com, 20. www.tipranks.com, 21. www.tipranks.com, 22. www.google.com, 23. www.google.com, 24. nebius.com, 25. www.investing.com, 26. www.fxstreet.com, 27. www.philadelphiafed.org, 28. www.nyse.com, 29. www.google.com, 30. nebius.com, 31. www.nasdaq.com, 32. www.benzinga.com
