New York, February 9, 2026, 15:26 ET — Regular session
- NBIS shares moved up in the afternoon, with tech stocks setting the pace for Wall Street gains.
- With Nebius set to report quarterly results later this week, investors are already shifting their positions.
- Bulls and bears are still zeroed in on whether major AI infrastructure deals actually come through.
Nebius Group N.V. climbed $7.16, or 8.3%, to $93.26 Monday afternoon, hitting highs of $93.63 and lows at $80.47. More than 11 million shares had changed hands.
This comes just ahead of fourth-quarter and full-year earnings from the Amsterdam AI cloud player—a period that often shakes up sentiment in a stock known for swings tied to growth and cash burn. Nebius plans to post its numbers Feb. 12 before the U.S. bell, with a call set for 8 a.m. ET. 1
Wall Street tech names pushed higher, the Nasdaq climbing close to 1% as bargain-seekers stepped in following last week’s slide. “On the stock front, it seems to be the traditional buy-the-dip by retail investors,” said Oliver Pursche, senior vice president and advisor for Wealthspire Advisors. 2
Nvidia climbed 2.4% while Microsoft tacked on roughly 3% in afternoon trading, helping lift stocks linked to AI infrastructure spending. Nebius, for its part, sells GPU access—the chips that power the training and running of most AI models.
Wall Street’s expecting another quarterly loss, but eyes are on revenue trends and spending details, not just the bottom line. Zacks Investment Research has the consensus pegged at a 44-cent loss per share and $232.2 million in revenue. Notably, analyst profit forecasts have edged higher over the past 30 days. 3
Nebius has locked in multi-year contracts with some of the largest tech players—Meta signed on for a five-year deal valued around $3 billion, and Microsoft agreed to a $17.4 billion commitment, according to Reuters. Back in November, the company reported a 355% surge in third-quarter revenue, reaching $146.1 million. Capital expenditures soared as well, hitting $955.5 million, driven by purchases of GPUs, land, and power. Management is aiming for annualized run-rate revenue between $7 billion and $9 billion by the end of 2026, up from an ARR of roughly $551 million as of September 30. 4
According to an SEC filing, Meta’s order involves two separate GPU infrastructure clusters, set for deployment in December 2025 and again in February 2026. The contract is worth roughly $2.9 billion. Meta holds the option to cancel parts of the deal if Nebius fails to deliver on schedule after a grace period, putting extra pressure on execution this month.
Roman Chernin, co-founder of Nebius, told Reuters late last year that the company planned to expand its client base past AI-native startups and push into higher-margin services to buffer against a potential downturn. “We should be ready (for when) the winter will come,” he said. Chernin described Nebius as Europe’s largest “neocloud”—his term for a new breed of cloud provider prioritizing AI compute—and noted it’s up against hyperscale rivals like Amazon and Google. 5
Expanding that infrastructure isn’t cheap—a familiar storyline for the stock. Back in September, Nebius announced plans to pull in $3 billion, splitting it between a $2 billion private sale of convertible senior notes and a $1 billion public equity offering, following its agreement with Microsoft. 6
The stock’s fast rebound doesn’t give much margin for error. Any slowdown in customer deployments, unexpected cost spikes for power or chips, or even conservative guidance could turn sentiment fast—delivery timelines are carrying much of the near-term narrative here.
Feb. 12 is circled for the next key update: Nebius is set to report premarket, and investors will be watching for fresh details on new capacity, timing of big contract revenue, and any hints that spending is becoming more predictable.
