New York, February 6, 2026, 20:49 (EST) — The market has closed.
- On Friday, Nebius shares finished 16.6% higher, clawing back ground after dropping 10.3% the previous session.
- The company reports its fourth-quarter and full-year 2025 results on Feb. 12.
- U.S. jobs and inflation numbers set for release next week might shake up tech stocks that are especially sensitive to interest rates.
Nebius Group N.V. jumped 16.6% Friday, closing at $86.10 and clawing back losses after a 10.3% tumble Thursday—a pattern that’s become routine for the stock.
This comes as Nebius gears up for a pivotal update: fourth-quarter and full-year 2025 results are set to drop Thursday, Feb. 12, ahead of the opening bell. A conference call follows at 8 a.m. Eastern. The Amsterdam-based company pitches itself as an AI-native cloud platform, designed for demanding AI workloads.
Plenty of U.S. numbers are lined up for next week that could shake up bond yields—and, with them, valuations for high-growth tech. The Bureau of Labor Statistics has the January Employment Situation set for Wednesday, Feb. 11, and January’s Consumer Price Index due Friday, Feb. 13; both releases hit at 8:30 a.m. Eastern. A government shutdown pushed back the BLS payrolls data, according to Reuters.
Nebius shares dropped Thursday, part of a broader selloff hitting AI-focused names on Wall Street. Alphabet’s warning about a major jump in planned expenditures rattled nerves, leaving investors wondering when those investments will actually pay off. “We’re seeing this volatility about whether this investment will translate, ultimately, into results,” said Tom Hainlin, investment strategist at U.S. Bank Wealth Management. Reuters
Friday saw a sharp mood shift. U.S. stocks surged, chipmakers caught a strong bid, and some traders circled back to AI supply chain plays—even as Amazon shares slipped following its disclosure of capital expenditures climbing over 50% for things like servers and data centers. “There’s going to be a certain set of investors that steps in and starts buying these names,” said Ross Mayfield, investment strategy analyst at Baird. Reuters
Nebius tends to swing with that same push-pull. The company sells computing power and related tools, so its shares can jump—or slip—depending how investors are feeling that day about “AI demand is real” or “AI costs are ballooning.”
On Feb. 12, investors want clarity on two fronts: how quickly GPU capacity is ramping up, and what that says about future cash requirements. GPUs handle the heavy lifting for AI model training and inference—any holdup in supply or shifts in delivery schedules could force the company to rethink its guidance.
Still, it’s a setup that can turn quickly. If demand slips, pricing softens, or spending runs hotter than forecasts, the stock—which just posted back-to-back double-digit moves—could take a hit. Rising rates wouldn’t help, either.
U.S. markets are closed for the weekend, leaving traders watching to see if Friday’s rebound sticks when trading resumes Monday. Not much time to wait for the next big data: the U.S. jobs report lands Feb. 11, with Nebius set to report results before the bell Feb. 12.
