Nebius Group N.V. (NBIS) Stock on December 8, 2025: Latest News, Price Targets and AI Cloud Growth Forecasts

Nebius Group N.V. (NASDAQ: NBIS) – the Amsterdam‑based AI infrastructure company spun out of Yandex – remains one of the most closely watched AI cloud stocks going into 2026. On December 8, 2025, the story is being driven by fresh institutional buying, new analyst coverage, and ongoing debate about whether its multi‑billion‑dollar AI contracts justify today’s rich valuation.

Key takeaways for December 8, 2025

• Share price and size: Nebius is trading just under $100 per share today, after moving between roughly $95 and $99 in Monday’s session, giving it a market capitalization in the mid‑$20 billion range and placing it firmly in large‑cap territory. ^[1]
• Huge run, sharp pullback: The stock is still up well over 200% year‑to‑date, but it has corrected more than 30% from its October highs, making it a volatile way to bet on AI infrastructure. ^[2]
• Institutional buyers step in: New 13F filings released today show Invesco and StoneX Group increasing their NBIS positions, with hedge funds and institutions now owning about 21.9% of the float. ^[3]
• Street vs. value investors: Most broker and factor screens still show a “Buy” or “Strong Buy” consensus with average 12‑month targets in roughly the $145–$165 range, implying 50–70% upside from current prices. But Morningstar just initiated coverage with a $70 fair value and “no moat” rating, signaling a more cautious view. ^[4]
• Growth narrative: Nebius has signed $17.4 billion of AI infrastructure contracts with Microsoft and about $3 billion with Meta over five years, while targeting $7–9 billion in annualized revenue by the end of 2026 – up from around $551 million ARR as of September 2025. ^[5]
• Risk side of the ledger: Delivering that growth requires enormous capital spending – nearly $1 billion in capex in Q3 alone and guidance toward $5 billion capex for 2025 – with the company still posting quarterly net losses over $100 million. ^[6]

This article is for information and news purposes only and does not constitute financial advice.

What exactly is Nebius Group?

Nebius Group N.V. is a Dutch technology company headquartered in Amsterdam that provides full‑stack AI infrastructure – think large GPU clusters, high‑density data centers, and a cloud platform tailored for AI builders worldwide. It operates AI‑centric data centers in Europe and North America and owns related businesses such as Avride (robotaxis) and TripleTen (ed‑tech), with stakes in Toloka and ClickHouse as well. ^[7]

The company emerged from the breakup of Russian tech giant Yandex. Yandex N.V., the Dutch parent, sold its Russian assets in 2024 and rebranded as Nebius Group, keeping its international AI‑focused operations and more than 1,000 employees. Trading on the Nasdaq resumed under the ticker NBIS in October 2024. ^[8]

As of late 2025, Nebius has roughly 1,300–1,400 employees globally and positions itself as a “full‑stack AI utility” – pairing power‑efficient data centers with software tools and managed services for AI workloads. ^[9]

Where Nebius Group (NBIS) stock trades today

On December 8, 2025, NBIS is trading just under $100:

• Intraday range: about $95.3–$99.4
• Open: approximately $97.29
• Volume: a bit over 5.2 million shares by the end of the regular session
• 52‑week range:$18.31 (low) to $141.10 (high) ^[10]

After closing at $98.04 on Friday, December 5 (down 4.63% that day), Nebius has essentially traded sideways to slightly lower today, keeping the stock in a consolidation zone after a spectacular rally earlier in the year. ^[11]

Different data providers paint slightly different pictures of profitability – some still show negative trailing earnings and thus no meaningful P/E, while others report a triple‑digit P/E based on modest positive net income and a market cap around $24–25 billion. Either way, NBIS screens as expensive on traditional earnings multiples and squarely in the “growth stock” bucket. ^[12]

December 8, 2025: Today’s most important NBIS headlines

1. Institutional buying: Invesco and StoneX add to Nebius

Two MarketBeat instant alerts published today highlight fresh institutional interest in Nebius:

• Invesco Ltd. increased its stake by 2.7% in Q2, adding 92,710 shares to bring its holdings to about 3.59 million shares, or 1.52% of the company, valued near $198.5 million at the time of filing. ^[13]
• StoneX Group Inc. disclosed a new position of 20,055 shares, worth roughly $1.1 million based on recent prices. ^[14]

The same filings show that a number of other asset managers have accumulated NBIS over recent quarters, and that hedge funds and institutions now control around 21.9% of outstanding shares. That still leaves Nebius far from a fully “institutionalized” mega‑cap, but it does underscore growing interest from professional investors in the AI infrastructure theme. ^[15]

2. Simply Wall St: Doubling AI capacity, but leverage in focus

A Simply Wall St analysis, also dated December 8, 2025, focuses on how investors might respond to Nebius’ decision to more than double its AI power capacity target to about 2.5 GW after landing big contracts with Meta. ^[16]

Key points from that piece:

• In late November, Nebius reported sold‑out AI data center capacity, a five‑year, ~$3.0 billion GPU infrastructure deal with Meta Platforms, and an expansion plan supported by substantial new equity and debt financing. ^[17]
• The article frames Nebius as a company you buy if you believe surging AI demand and hyperscaler relationships eventually outweigh current losses, dilution, and rising leverage. ^[18]
• Simply Wall St’s internal narrative projects Nebius reaching $3.2 billion in revenue and about $428.7 million in earnings by 2028, with a model‑derived fair value of roughly $159.29 per share, about 62% above today’s price. ^[19]
• Their community valuations for NBIS range widely – from around $11 to $166 per share – highlighting how divided the market is on the name. ^[20]

3. TechStock² pre‑market note: “High‑volatility, high‑risk” into the open

A detailed pre‑market update from TechStock² this morning walks through Nebius’ recent trading dynamics: TechStock²

• Friday, December 5, saw NBIS close at $98.04, down 4.63% on the day, with an intraday swing between about $96.20 and $101.35 on roughly 13 million shares traded. TechStock²+1
• Over the last two weeks, the stock is still up around 15–16%, rising in 6 of the last 10 sessions, despite the recent pullback. TechStock²+1
• Technical service StockInvest.us currently labels NBIS a “sell candidate”, projecting a modest negative expected return over the next three months and a 90% probability that the stock trades in a wide band (roughly mid‑$50s to mid‑$120s) over that period. TechStock²+1

The pre‑market note characterizes Nebius as extremely volatile, with daily swings that can easily exceed 8–10%, and frames today’s session as part of a broader corrective phase after October’s surge.

4. Morningstar initiates with $70 fair value and “no moat”

While most Wall Street and quant services lean bullish, Morningstar today launched formal coverage on Nebius with a notably more conservative posture:

• Fair value estimate:$70 per share
• Moat rating:“No moat” – suggesting Nebius lacks durable competitive advantages strong enough to protect excess returns over the long run. ^[21]

With the stock near $100, that fair value implies roughly 30% downside versus the current price, making Morningstar one of the more skeptical voices in the current research universe.

5. TipRanks: Co‑founder “very bullish”, Street targets ~70% upside

A recent TipRanks article, heavily referenced in today’s commentary, highlighted co‑founder Roman Chernin’s remark to Reuters that Nebius is “very bullish” on AI infrastructure demand, which he said could increase 10‑ to 100‑fold as enterprises ramp up AI workloads. ^[22]

TipRanks notes that:

• Nebius shares have climbed over 242% since January, even after recent volatility around Q3 results. ^[23]
• Investors appear focused on the lack of current profitability despite a 355% year‑over‑year jump in Q3 revenue and a net loss of roughly $100.4 million in the quarter. ^[24]
• Based on its analyst database, TipRanks reports a Strong Buy consensus (five Buys, one Hold) and an average NBIS price target around $164.20, implying over 70% upside from today’s levels. ^[25]

AI megadeals: Microsoft and Meta anchor the growth story

Nebius’ entire equity story today is built around AI data center scarcity and its role as a specialist AI cloud provider to hyperscalers.

Microsoft: $17.4 billion over five years

On September 8, 2025, Reuters reported that Nebius had signed a five‑year AI infrastructure deal with Microsoft worth $17.4 billion, potentially rising to about $19.4 billion if additional services are purchased. ^[26]

• Under the agreement, Nebius will provide Microsoft with dedicated GPU infrastructure capacity from its new data center in Vineland, New Jersey, starting in late 2025. ^[27]
• Nebius CEO Arkady Volozh described the economics of the deal as “attractive” and emphasized that it will accelerate growth in the AI cloud business in 2026 and beyond. ^[28]

Meta: $3 billion AI infrastructure contract

On November 11, 2025, a second Reuters story revealed a five‑year, ~$3 billion contract with Meta to provide AI infrastructure, signed alongside Nebius’ Q3 earnings. ^[29]

Key datapoints:

• Q3 2025 revenue jumped 355% year‑over‑year to $146.1 million, but Nebius posted a quarterly net loss of more than $100 million, up from a $39.7 million loss a year earlier. ^[30]
• Capital expenditures ballooned to about $955.5 million in the quarter, as Nebius raced to secure GPUs, land, and power. ^[31]
• The company is targeting $7–9 billion in annualized run‑rate revenue by the end of 2026, up from about $551 million ARR at the end of Q3, implying a very steep growth trajectory over the next two years. ^[32]

Efficiency and pre‑sold capacity

A 24/7 Wall St feature on AI “bottleneck” stocks earlier in November highlighted Nebius as a leading “AI utility”:

• Nebius’ data centers are described as operating around 20% more power‑efficiently than standard cloud facilities, a crucial edge when electricity can be over 40% of operating costs. ^[33]
• The article stresses Nebius’ strategy of pre‑selling capacity via long‑term contracts, helping to secure cash flows even before facilities are fully built. ^[34]

Taken together, the Microsoft and Meta deals – plus power‑efficient infrastructure – form the backbone of the bullish case: Nebius is one of a small number of companies directly selling scarce AI compute capacity to the world’s largest cloud customers.

Valuation and price targets: How much upside do analysts see?

One striking feature of Nebius coverage on December 8 is how wide the valuation range is depending on who you ask.

• MarketBeat aggregates several brokerages and finds a “Buy” consensus, with roughly two “Strong Buy”, six “Buy” and two “Hold” ratings, and an average price target of about $144.71. ^[35]
• StockAnalysis.com shows NBIS rated “Strong Buy” with an average target of roughly $157.20, implying close to 60% upside from current levels. ^[36]
• eToro’s summary also tags Nebius as a Strong Buy, with a headline analyst target near $161.50. ^[37]
• TipRanks cites an even higher average target of $164.20, based on six published ratings, implying more than 70% upside. ^[38]
• Simply Wall St’s DCF‑style valuation pegs fair value at $159.29, around 62% above its reference price. ^[39]
• Morningstar, in contrast, sees fair value at just $70 per share with no moat, implying Nebius is overvalued at current levels. ^[40]

The range from $70 to ~$165 on fair value estimates underscores how sensitive Nebius’ valuation is to assumptions about:

• the pace of AI infrastructure adoption
• long‑term contract renewals and expansions
• power and hardware costs
• how much of today’s hyperscaler spending is “one‑off catch‑up” vs. recurring demand

For investors and traders, that spread is a reminder that this is not a consensus value stock; it’s a high‑beta growth name with widely divergent views.

Technicals, options, and short‑term forecasts

Beyond fundamental research, a number of quantitative and technical services are weighing in on NBIS as of December 8.

• StockInvest.us labels Nebius a short‑term “sell candidate”, noting that:
  • The price has risen in six of the last ten days and is up around 15–16% over two weeks, but
  • Longer‑term moving averages and rising volume on down days tilt the model’s forecast modestly negative over the next three months. ^[41]
• The same service estimates a 90% probability that Nebius trades between roughly $55 and $126 over that three‑month window – a very wide cone of potential outcomes. ^[42]
• Investing.com’s technical overview for December 8 summarizes NBIS indicators as a “Sell”, with more sell signals than buy signals across common oscillators and moving averages. ^[43]
• Options markets price in very high volatility: data from OptionCharts shows implied volatility around 89–90% for NBIS options as of today, with a high IV rank, meaning current implied volatility is elevated relative to its recent history. ^[44]

From a pure market‑microstructure standpoint, then, Nebius looks like a classic high‑growth, high‑volatility AI story stock: big potential upside, but wide near‑term trading ranges and meaningful downside risk if sentiment or execution disappoint.

Governance, capex and leverage: the main risks

Heavy capex and leverage

Delivering commitments to Microsoft, Meta and other clients requires massive upfront spending:

• Nebius’ Q3 2025 capex was approximately $955.5 million, up sharply from $172.1 million a year earlier. ^[45]
• A Zacks‑linked article (behind a bot‑check page today) and other commentary point to planned capex of roughly $5 billion in 2025, raising questions about whether the company can hit its target of becoming at least modestly EBITDA‑positive while investing at that scale. ^[46]
• Simply Wall St notes Nebius has already raised over $4 billion through equity and convertible debt, and that further dilution and interest expense are key pieces of the risk puzzle as it pursues a 2.5 GW AI power target. ^[47]

In other words, Nebius is front‑loading a huge amount of capital to seize what it sees as a once‑in‑a‑generation AI infrastructure window, and shareholders are exposed to both execution risk and financing risk if the environment changes.

Multi‑class share structure and control

Nebius also has a complex, multi‑class share structure:

• Class A shares carry one vote each, while Class B shares carry ten votes each, and Class C are used for technical conversion purposes. ^[48]
• As of March 31, 2025, the CEO, directors, employees, and other pre‑IPO shareholders collectively controlled about 65% of voting power, and a family trust associated with CEO Arkady Volozh controls around 55% of total voting power, despite holding only about 13% of the economic interest in the company. ^[49]

This structure means Nebius is effectively a controlled company: public Class A shareholders have limited influence over corporate decisions, which can be a governance risk for some institutional investors.

How the long‑term story is being framed by analysts

Across the various December 8 articles and recent research notes, a few common themes emerge:

The bullish narrative

• Nebius is at the center of structural AI bottlenecks – power, space, and GPUs – and is one of the few independent players signing multi‑billion‑dollar hyperscaler contracts (Microsoft, Meta). ^[50]
• Its data center efficiency, pre‑sold capacity model, and software integration (e.g., ClickHouse and AI tooling) could create a “sticky” platform with high switching costs, allowing premium pricing. ^[51]
• Contributors on platforms like Seeking Alpha argue Nebius remains a “hypergrowth, early‑stage AI cloud leader with upside potential”, with some suggesting that ARR could grow eight‑fold between year‑end 2025 and year‑end 2026 if management hits its guidance. ^[52]
• TipRanks and others note that, despite the recent drawdown, analysts remain broadly bullish heading into 2026, emphasizing Nebius’ positioning to supply AI‑optimized cloud capacity and the possibility of further major contracts. ^[53]

The cautious narrative

• Morningstar’s $70 fair value and “no moat” rating highlight concerns that competition from hyperscale clouds and other AI infrastructure specialists could eat into Nebius’ long‑term margins and bargaining power. ^[54]
• Q3 results – rapid revenue growth but widening net losses and massive capex – show that the path from high demand to sustainable free cash flow remains uncertain. ^[55]
• Articles like the Simply Wall St piece stress that investors must weigh dilution, leverage and execution risk against the appeal of sold‑out capacity and multi‑billion‑dollar contracts. ^[56]

In short, everyone agrees Nebius is in the right place at the right time for AI, but they disagree on how much of that future is already priced in – and how smooth the road will be.

What to watch next for NBIS

Looking ahead from December 8, 2025, NBIS investors are likely to focus on a few key catalysts:

1. Execution on the Meta and Microsoft deals
   • How quickly Nebius deploys and monetizes the committed capacity, and whether those customers expand their contracts, will be closely scrutinized. ^[57]
2. Earnings and cash‑flow trajectory
   • Upcoming quarterly results (StockInvest lists the next earnings date as February 18, 2026) will show whether reported ARR and margins are tracking toward the $7–9 billion 2026 run‑rate target or whether the ramp is slower. ^[58]
3. Capex and financing updates
   • Any revision to the $5 billion 2025 capex path, additional equity or debt raises, or changes in leverage metrics will influence how investors feel about risk vs. reward. ^[59]
4. Competitive dynamics
   • News from peers like CoreWeave and IREN – who are also signing huge AI infrastructure deals – will shape perceptions about whether Nebius can maintain its edge on efficiency and pricing. ^[60]
5. Macro and AI cycle
   • Because the stock is highly volatile and sentiment‑driven, changes in the broader AI trade, GPU supply, interest rates, or risk appetite could move NBIS sharply even without company‑specific news.

Frequently asked questions about Nebius Group (NBIS)

Is Nebius Group N.V. (NBIS) considered a buy right now?

There’s no universal answer:

• Most broker aggregators (MarketBeat, StockAnalysis, TipRanks, eToro) currently show Buy or Strong Buy consensus ratings with average 12‑month price targets roughly 45–70% above the current price. ^[61]
• Morningstar, on the other hand, sees fair value well below today’s price and assigns no moat, highlighting meaningful downside risk if things don’t go to plan. ^[62]

Whether NBIS is appropriate for you depends on your risk tolerance, time horizon, and portfolio – and should be evaluated with independent research or a qualified financial advisor.

How risky is NBIS stock?

Nebius is high‑risk in several ways:

• Share price volatility is very high – daily moves of 5–10% are common, and options markets are pricing implied volatility near 90%. ^[63]
• The business model requires massive upfront capex funded by equity and debt, with profitability still some distance away. ^[64]
• A multi‑class share structure gives insiders majority voting control, limiting the influence of public shareholders. ^[65]

For many investors, NBIS would fall into a speculative growth allocation rather than a core holding.

What are the main reasons investors are excited about Nebius?

Bullish investors point to:

• Scarce AI data center capacity and Nebius’ role as a dedicated AI cloud specialist. ^[66]
• Long‑term, multi‑billion‑dollar contracts with top‑tier customers (Microsoft, Meta). ^[67]
• Power‑efficient infrastructure and pre‑sold capacity, which could protect margins if executed well. ^[68]
• A path – at least on paper – to multi‑billion‑dollar annual revenue by 2026 and beyond. ^[69]

Final word

As of December 8, 2025, Nebius Group sits at the intersection of explosive AI demand and very real execution and financing risks. Today’s news flow – institutional buying, new research coverage, and fresh analyses – mostly reinforces the existing narrative:

This is a stock that could grow into a much larger AI infrastructure champion if management delivers, but it’s also one where valuation, leverage, and volatility leave very little room for error.

If you’re following NBIS, it’s worth tracking not just the headline AI deals, but also the pace of capex, cash‑flow progress, and the evolving mix of bullish and cautious analyst voices.

References

1. stockanalysis.com, 2. www.tipranks.com, 3. www.marketbeat.com, 4. www.marketbeat.com, 5. www.reuters.com, 6. www.reuters.com, 7. en.wikipedia.org, 8. en.wikipedia.org, 9. en.wikipedia.org, 10. stockanalysis.com, 11. stockanalysis.com, 12. www.marketbeat.com, 13. www.marketbeat.com, 14. www.marketbeat.com, 15. www.marketbeat.com, 16. simplywall.st, 17. simplywall.st, 18. simplywall.st, 19. simplywall.st, 20. simplywall.st, 21. www.morningstar.com, 22. www.tipranks.com, 23. www.tipranks.com, 24. www.tipranks.com, 25. www.tipranks.com, 26. www.reuters.com, 27. www.reuters.com, 28. www.reuters.com, 29. www.reuters.com, 30. www.reuters.com, 31. www.reuters.com, 32. www.reuters.com, 33. 247wallst.com, 34. 247wallst.com, 35. www.marketbeat.com, 36. stockanalysis.com, 37. www.etoro.com, 38. www.tipranks.com, 39. simplywall.st, 40. www.morningstar.com, 41. stockinvest.us, 42. stockinvest.us, 43. www.investing.com, 44. optioncharts.io, 45. www.reuters.com, 46. www.zacks.com, 47. simplywall.st, 48. www.sec.gov, 49. www.sec.gov, 50. www.reuters.com, 51. 247wallst.com, 52. seekingalpha.com, 53. www.tipranks.com, 54. www.morningstar.com, 55. www.reuters.com, 56. simplywall.st, 57. www.reuters.com, 58. stockinvest.us, 59. www.zacks.com, 60. 247wallst.com, 61. www.marketbeat.com, 62. www.morningstar.com, 63. optioncharts.io, 64. www.reuters.com, 65. www.sec.gov, 66. www.reuters.com, 67. www.reuters.com, 68. 247wallst.com, 69. www.reuters.com