Nebius Group N.V. (NBIS) Stock Today, November 24, 2025: Soars Nearly 10% on Meta Deal Hype, Finland Campus Outlook and UBS Conference News

Nebius Group N.V. (NASDAQ: NBIS) is back in the spotlight on Monday, November 24, 2025. The AI‑infrastructure stock is rallying sharply as investors react to fresh commentary on its Finland data‑center campus, a growing wall of analyst optimism, and a new investor‑relations appearance at the UBS Global Technology and AI Conference.

By late U.S. afternoon trading, NBIS shares are changing hands around $91—up roughly 9–10% on the day—after opening near $86 and trading between about $84–92 on heavy volume north of 14 million shares. ^[1]

At the same time, several in‑depth pieces published today (24 November 2025) are reshaping the narrative around Nebius: is this still an AI‑infrastructure growth story… or has it become an AI bubble stock?

Nebius Group (NBIS) stock price today

Based on real‑time and delayed data from major brokers and market platforms: ^[2]

Last price: ≈ $91.3
Change today: about +8.0 dollars, or +9–10% vs. Friday’s close around $83.3
Intraday range (so far): roughly $84.3 – $92.4
Open:$86.0
Volume: ≈ 14.1 million shares (already close to typical full‑day volume)
Approx. market capitalization: just over $20 billion
52‑week range: about $18 – $141
1‑year performance: up more than 300%
Year‑to‑date performance: up roughly 200%, even after a sharp November pullback. ^[3]

With today’s jump, Nebius is rebounding from a brutal drawdown of roughly 40% from its October all‑time high near $141, a slide many commentators have described as an AI bubble scare rather than a fundamental implosion. ^[4]

Today’s main Nebius stock news (November 24, 2025)

Several substantial pieces about Nebius were published on November 24, 2025, along with a new company announcement. Together, they’re driving much of the renewed enthusiasm in NBIS.

1. Day‑traders ask: “Growth or bubble?” as Nebius jumps again

A new StockstoTrade article titled “Growth or Bubble? Decoding Nebius’s Stock Surge” flags that Nebius shares were already up more than 8% intraday today, after logging about a 4.5% pre‑market gain on the back of “promising new technology partnerships.” ^[5]

Key points from that piece and related coverage:

The article highlights Nebius’s $3 billion, five‑year AI infrastructure contract with Meta Platforms, which sent “shockwaves” through the market when it was announced earlier this month. ^[6]
It frames Nebius as one of 2025’s most explosive AI trades, benefiting from massive GPU deployments and a scarce‑capacity narrative—but warns that the parabolic chart and rich valuation raise “bubble‑like” questions. ^[7]

The tone is classic trader commentary: Nebius is presented as a high‑momentum AI winner that could keep squeezing shorts… or unwind just as violently if sentiment breaks again.

2. Seeking Alpha: Finland campus could generate $650–$900M a year

A fresh Seeking Alpha deep dive, “Nebius: Why Its Finland Campus Could Hit $650 To $900M Annually,” zooms in on the company’s fast‑growing Mäntsälä (Finland) AI campus and Nebius’s Q3 earnings. ^[8]

From the article’s summary and thesis:

Q3 2025 revenue came in at $146.1 million, up about 355% year‑on‑year, but slightly below Wall Street expectations by roughly $9.6 million.
Nebius posted an adjusted net loss of about $100.4 million, underlining the heavy upfront cost of scaling AI infrastructure.
The Mäntsälä campus is scaling toward 75 MW of capacity; the author estimates it could eventually produce $650 million–$900 million in annual recurring revenue once fully ramped.
Despite the miss and the deep loss, the analyst argues that Nebius’s long‑term growth runway—anchored by major contracts and massive capacity additions—justifies a Buy rating at current levels.

This analysis reinforces the idea that Nebius is trading like a high‑growth infrastructure utility for AI, rather than a traditional software stock, with multi‑year value tied to how quickly it can electrify, cool and monetize new GPU capacity.

3. Simply Wall St: valuation in focus after Microsoft & Meta megadeals

In another article published today, Simply Wall St puts Nebius’s valuation under the microscope in “Nebius Group (NasdaqGS:NBIS) Valuation in Focus After Microsoft and Meta AI Deals Fuel Revenue Surge.” ^[9]

The piece highlights:

Nebius’s AI infrastructure agreements with Microsoft and Meta—including a $17.4 billion GPU‑as‑a‑Service deal with Microsoft announced in September and the newer $3 billion Meta contract. ^[10]
A rapid acceleration in revenue following those deals, but also a valuation that screens as expensive on near‑term earnings metrics, given ongoing losses and huge capital expenditures. ^[11]

Simply Wall St doesn’t frame Nebius as uninvestable. Instead, it pushes readers to weigh whether multi‑year contracted revenue from hyperscaler deals can justify today’s lofty multiples and volatile share price.

4. TipRanks: Nebius tops PLTR and VRT in analysts’ AI rankings

A TipRanks comparison piece—“VRT vs. PLTR vs. NBIS: Which AI Stock Is the Best Buy Right Now, According to Analysts?”—also dropped today and casts Nebius in a very bullish light versus other AI names. ^[12]

Highlights from TipRanks:

Nebius, backed by Nvidia and running large‑scale GPU clusters across Europe and the U.S., is described as a full‑stack AI cloud platform.
Q3 revenue growth of 355%, the $17.4B Microsoft GPUaaS contract, and the $3B Meta deal are cited as the key drivers of surging investor enthusiasm. ^[13]
Management has said Nebius sold out all available capacity in Q3 and is racing to expand, targeting about 2.5 GW of total contracted power by the end of 2026 (up from an earlier 1 GW plan). ^[14]
Citizens JMP recently initiated coverage with a $175 price target, calling Nebius part of a group of “critically scarce” power and compute providers for AI.
According to TipRanks, Wall Street now assigns Nebius a Strong Buy consensus based on 5 Buy ratings and 1 Hold, with an average target around $164.2—almost 100% upside from pre‑rally levels, and still substantial even after today’s jump. ^[15]

The article also notes that these large deals suggest Nebius’s historical links to Russia are now seen as “sufficiently cut” for security purposes by key Western customers, an important geopolitical de‑risking point for some institutions. ^[16]

5. Company news: Nebius to present at UBS Global Technology and AI Conference

On the corporate side, Nebius issued a press release today announcing that Chief Revenue Officer Marc Boroditsky and VP of Investor Relations Neil Doshi will participate in a fireside chat at the UBS Global Technology and AI Conference on December 3. ^[17]

According to the announcement:

The session is scheduled for 7:55 a.m. PT / 10:55 a.m. ET / 4:55 p.m. CET,
It will focus on Nebius’s AI cloud strategy and growth outlook, and
A live webcast or replay is expected to be available for investors.

The same MarketScreener page shows that eight analysts currently cover Nebius, with a mean rating of “BUY” and an average target price of about $159.3, implying roughly 90% upside versus last week’s close around $83. ^[18]

6. Shareholder letter reaffirms bold 2026 revenue targets

Also reposted today is Nebius’s Q3 2025 letter to shareholders, originally dated November 11 but circulated widely again via PublicNow and MarketScreener. ^[19]

Key takeaways:

Management describes “strong momentum into 2026” and says it has significantly raised capacity guidance.
Nebius reiterates a target of $7–9 billion in annualized run‑rate revenue by the end of 2026, based on extrapolating the final month of that future quarter.
This compares with about $551 million in annualized recurring revenue at the end of Q3 2025, underscoring the enormous growth Nebius believes it can unlock. ^[20]

For investors, today’s letter acts as a reminder of just how aggressive Nebius’s internal targets are—and helps explain why bulls are willing to pay up for the stock despite substantial ongoing losses.

Fundamentals: what Nebius’s Q3 numbers tell us

Putting today’s commentary in context requires a look back at Q3 2025, reported earlier this month.

From Nebius’s shareholder letter, Reuters coverage and financial‑data platforms: ^[21]

Revenue:
- $146.1 million, up about 355% year‑on‑year.
- Slightly below consensus estimates (~$157.9M).
Profitability:
- Adjusted net loss: roughly $100–120 million, wider than the prior‑year loss.
- EPS: around –$0.43, beating expectations for a bigger loss (–$0.56).
- EBITDA: about –$262.5 million, with an EBITDA margin near –300%.
Capital expenditures:
- Capex ballooned to roughly $955.5 million in the quarter, up from about $172.1 million a year earlier as the company races to secure GPUs, land and power. ^[22]
Revenue run‑rate:
- Annualized recurring revenue (ARR) is estimated around $551 million, with management targeting $7–9 billion by year‑end 2026. ^[23]

This profile is classic hyper‑growth infrastructure:

Revenue is exploding,
Cash burn and capex are enormous,
And the investment thesis hinges on Nebius filling out multi‑year, contracted AI capacity before broader supply catches up.

Valuation, analyst targets and institutional flows

A rich valuation by any traditional metric

Across several data providers, Nebius trades at very demanding multiples: ^[24]

Market cap: a bit over $20 billion.
Trailing earnings: small and volatile; depending on the methodology, NBIS screens as either:
- trading at a P/E ratio in the 90–100x range, or
- a negative P/E if you focus strictly on GAAP losses.
1‑year gain: more than 300%, with a 52‑week high near $141.10 and low around $18.31.

That kind of performance and valuation explains why an earlier Seeking Alpha article described the recent sell‑off as a “brutal reckoning” for anyone who chased the stock at October’s peak, even as the author upgraded the shares on better risk‑reward after the pullback. ^[25]

Analysts: overwhelmingly bullish despite volatility

Between TipRanks, MarketScreener and MarketBeat, the analyst picture looks like this: ^[26]

Consensus rating: firmly in “Buy” / “Strong Buy” territory.
Coverage: roughly 8–11 analysts, depending on the platform.
Average 12‑month price targets:
- Around $144–$165, implying substantial upside vs. last week’s levels and still meaningful potential upside even after today’s near‑10% rally.
High/low target range: from about $110 up to $211 per share.

Notably, Citizens JMP just initiated coverage with a $175 target and an Outperform/Buy‑style rating, explicitly grouping Nebius with AI data‑center names that provide “critically scarce” power and compute capacity. ^[27]

Institutions: new believers and profit‑takers

Recent 13F filings summarized by MarketBeat show that institutional ownership is building but still relatively modest compared with mega‑cap tech: ^[28]

Tableaux LLC opened a new position of 80,000 shares, worth about $4.43 million, making NBIS its 28th‑largest holding and about 0.3% of its portfolio.
Other institutions—including Bank of New York Mellon, Envestnet, Pinnacle and Cetera—have also initiated or increased positions.
At the same time, Rockefeller Capital Management cut its Nebius stake by more than 50%, booking profits after the big run.
In aggregate, institutions and hedge funds now own roughly 22% of Nebius’s free float—high for a relatively young listing, but still leaving a large retail and momentum‑trader presence in the stock.

This mix of growing institutional interest and ongoing profit‑taking fits the “high‑beta growth story” pattern: smarter money is edging in, but no one wants to be the last buyer at triple‑digit P/E multiples.

Is Nebius in an AI bubble or building a durable moat?

With today’s coverage, the bull and bear cases are both getting clearer.

The bull case, as reinforced today

Bullish analysts and commentators emphasize that Nebius is:

A pure‑play AI infrastructure provider, not just another software name, with a full‑stack cloud platform built around Nvidia GPU clusters in Europe and the U.S. ^[29]
Backed by two giant hyperscaler contracts—the $17.4B Microsoft GPUaaS deal and $3B Meta AI‑infra contract—which provide a multi‑year revenue backbone. ^[30]
Already sold out of available capacity in Q3, with plans to expand contracted power from 1 GW to about 2.5 GW by 2026, including the high‑potential Finland campus that may alone generate $650–$900M in annual recurring revenue. ^[31]
Positioned as a key beneficiary of the “sovereign AI” trend, where governments and enterprises want alternative GPU capacity outside the traditional U.S. hyperscaler oligopoly. ^[32]

From this perspective, today’s rally looks like investors re‑rating Nebius closer to its long‑term contracted revenue potential, rather than a short‑term mania.

The bear (or skeptic) case

Skeptics, including some recent Seeking Alpha authors and a StockTwits‑syndicated piece quoting Jim Cramer, flag several risks: ^[33]

Massive capital intensity: nearly $1 billion in Q3 capex and strongly negative EBITDA raise questions about long‑term returns on invested capital. ^[34]
Extreme volatility: after soaring more than 200% year‑to‑date, Nebius has already experienced a drawdown of around 40% from its October highs, and 1‑month performance remains sharply negative despite today’s bounce. ^[35]
Valuation risk: even after the pullback, NBIS trades at premium multiples that leave little room for execution missteps, delays in GPU deliveries, or any renegotiation of its megadeals. ^[36]
Execution and concentration: Nebius is highly dependent on a handful of large contracts (Microsoft, Meta, and a small group of mega‑customers). Any setback in one of these relationships could materially impact growth. ^[37]

From this angle, today’s spike is just the latest swing in a speculative AI cycle where investors may be overestimating how long Nebius’s capacity advantage will last.

What today’s move means for investors

This is not financial advice; it’s a framework for thinking about the stock. Always do your own research or speak with a licensed adviser.

For different types of market participants, today’s action has different implications:

Short‑term traders

Today’s nearly 10% intraday rally confirms that NBIS remains a high‑beta momentum vehicle.
Key levels to watch include the recent low‑80s support area and the October peak near $141; swings between those points could remain violent as news and sentiment shift. ^[38]

Medium‑ to long‑term investors

The cluster of November 24th articles and announcements collectively lean bullish: they reinforce the scale of Nebius’s hyperscaler deals, clarify the potential of the Finland campus, and highlight aggressively higher 2026 revenue targets. ^[39]
However, they also underscore that this is a “pay now, profit later” story: huge capex, negative margins and significant execution risk, all wrapped in a stock that has already more than tripled in a year. ^[40]

What to watch next

Over the coming weeks, NBIS investors will likely focus on:

The UBS Global Technology and AI Conference (Dec 3): any new color on capacity additions, pricing, or additional hyperscaler/enterprise wins. ^[41]
Follow‑up commentary from Wall Street analysts, especially if today’s move pushes the stock closer to current average targets. ^[42]
Updates on capex, power contracts and GPU availability, as bottlenecks in any of these areas could slow Nebius’s path toward its $7–9B 2026 ARR goal. ^[43]

For now, November 24, 2025 will likely be remembered as the day the market re‑embraced Nebius’s hyper‑growth AI story after a bruising correction—while the debate over “growth vs. bubble” only got louder.

This article is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Always perform your own due diligence or consult a qualified financial professional before making investment decisions.

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