New York, January 26, 2026, 21:22 EST — The market has closed.
- Nebius Group shares fell 3.2% by Monday’s close, having swung over 10% during the session.
- The stock trailed the broader U.S. market as tech shares and the S&P 500 closed up.
- Attention shifts to capacity expansion, cash requirements, and the upcoming earnings report.
Nebius Group N.V. (NASDAQ: NBIS) slipped 3.2% Monday, closing at $91.46. The stock hit a high of $100.82 earlier but dipped to $91.35 at its lowest. Roughly 14.7 million shares traded hands during the session.
The late slide hits hard as Nebius pushes to expand in the heated race for AI computing power—a sector that grows quickly but demands big upfront investments. In its latest update, Nebius revealed plans to roll out Nvidia’s upcoming “Rubin” platform across the U.S. and Europe starting in the second half of 2026. CEO Arkady Volozh said the company is “proud to be one of the first” to offer these chips. Nvidia executive Dave Salvator emphasized that the coming age of “agentic AI” requires infrastructure built to scale. 1
The stock fell despite the Nasdaq 100 tracker Invesco QQQ climbing roughly 0.4%, while the S&P 500 tracker SPDR SPY edged up about 0.5% during the session.
Nvidia shares dipped roughly 0.7% on Monday. Microsoft climbed around 0.9%, and Meta Platforms jumped about 2.0%. Notably, both Microsoft and Meta are key clients of Nebius’s AI infrastructure.
Nebius shares have swung widely, trading as low as $18.31 and spiking up to $141.10 over the last 52 weeks, according to 5 .
The company caught attention after securing massive, multi-year contracts linked to graphics processing units, or GPUs — the essential chips behind AI model training and operation. In September, Nebius announced plans to raise $3 billion, following a five-year GPU infrastructure deal with Microsoft valued at $17.4 billion, with room for expanding services. Reuters also reported that Nebius spun out of a split from Russian tech giant Yandex’s assets. 2
In November, Nebius announced a roughly $3 billion, five-year AI infrastructure deal with Meta, alongside a reported 355% spike in quarterly revenue to $146.1 million. Capital expenditures soared to $955.5 million for the quarter. The company aims for $7 billion to $9 billion in annualized run-rate revenue by the close of 2026. Reuters also labeled Nebius as part of a “neocloud” cohort battling competitors like CoreWeave for limited AI capacity. 3
But the trade cuts both ways. Expanding GPU-heavy data centers requires hefty upfront spending, and returns hinge on how fast customers scale up usage and how seamlessly power, chips, and facilities get activated. Any funding hiccups, delays, or weaker demand could continue to weigh on the stock.
U.S. markets reopen Tuesday, and traders will be looking for signals that shares have steadied after Monday’s volatility. Any fresh contract or financing news could shake things up. Nasdaq.com lists the next estimated earnings date as Feb. 18, 2026, though that could change. 4
