Nebius Stock (NBIS) Jumps as BofA Backs AI Trade, but Downgrade Flags Valuation Risk
Nebius Group jumped 7.4% Monday, trading at $155.74 by 11:51 a.m. EDT, as demand for AI infrastructure plays stayed hot—despite Freedom Capital Markets dropping its rating to Hold. Earlier, Bank of America lifted its price target for Nebius to $175 from $150, sticking with a Buy.
