NEW YORK, Feb 23, 2026, 15:42 (EST) — Regular session
Nebius Group N.V. shares traded at $99.70 late Monday, up 1.8% on the day. Earlier, the stock dipped to $95.31 before climbing as high as $101.12. Volume was around 7.5 million shares.
Nebius has quickly turned into a go-to name for investors chasing the pricier side of the AI wave—think firms offering raw compute muscle, not the usual software subscriptions. That trade stumbles when markets wobble, but once sentiment flips, it tends to rebound in a hurry.
U.S. stocks dropped, with tariff jitters flaring up again after the Supreme Court’s decision triggered new trade threats from President Donald Trump. “Obviously, the extra layer of uncertainty … isn’t helping,” said Ross Mayfield, investment strategy analyst at Baird. (Reuters)
Nebius, the Amsterdam “neocloud” company renting Nvidia chips and data-center slots, lists Microsoft and Meta Platforms as clients and goes toe-to-toe with CoreWeave. In its Feb. 12 results, Nebius announced plans to open nine more data center locations, targeting an annualized revenue run-rate between $7 billion and $9 billion by the end of 2026—a projection that lines up with the current growth track. CEO Arkady Volozh said in a note that demand “continues to outpace supply,” with Nebius locking in orders for capacity far ahead. (Reuters)
Monday’s move left the core issues for Nebius unresolved: pace of expansion, and the viability of financing it without stumbling. Aggressive outlays might help win share, but they also up the stakes on delivering results.
Investors will be tracking how quickly deployment moves, customer deals shaping up, and whether losses shrink as the company grows.
Still, the risks aren’t going away. As AI jitters ripple through the market, lenders are raising rates and tightening terms for tech names, making life tougher for cash-hungry companies. “We expect AI disruption risk to be increasingly reflected over 2026 to early 2027,” said Matthew Mish, UBS’ head of credit strategy. For Nebius, things could get bumpy if risk appetite fades or GPU and power deliveries get held up, threatening to derail expansion. (Reuters)
Nvidia’s set to release its latest quarterly numbers Wednesday, Feb. 25—a key moment for anyone tracking AI chip supply in the neocloud arena. The conference call goes live at 5 p.m. ET. (NVIDIA Newsroom)
