New York, June 12, 2026, 06:05 (EDT)
- Nebius Group finished Thursday at $222.24, gaining 4.98%. Early Friday, the stock was quoted at $235.05 before the market opened.
- Nebius is set to join the Nasdaq-100 before the bell on June 22, Nasdaq said.
- Recent AI infrastructure expansion includes a £1.7 billion UK buildout. The move follows that push.
Nebius Group N.V. shares gained after Nasdaq said the Amsterdam AI cloud company will join the Nasdaq-100 Index in the benchmark’s June 2026 quarterly shakeup. Nebius finished Thursday at $222.24, up 4.98%. Google Finance had the shares at $235.05 pre-market Friday, up another 5.76%.
Nasdaq said Nebius (NBIS) joins the index before the open on Monday, June 22, along with Astera Labs, CoreWeave, Rocket Lab and Teradyne. Charter Communications, Cognizant, Insmed, Verisk Analytics and Zscaler will be dropped. The Nasdaq-100 holds 100 of the biggest Nasdaq non-financial stocks and is tied to more than 200 products with over $800 billion under management worldwide, Nasdaq said.
Nebius jumped back into focus for investors after the index move, coming off a swingy period for AI infrastructure names. Shares of Nebius popped 12.9% to $238.98 in after-hours trading Thursday, Investing.com said, after the Nasdaq-100 news hit. Sherwood News reported more index entrants climbed in pre-market action Friday after the announcement.
Nebius is pitching itself to investors on AI infrastructure. The company said earlier this week it will put about £1.7 billion into the UK, with plans for three more NVIDIA-powered projects. Altogether, Nebius expects these UK sites to total 65 MW in capacity by 2027. Founder and CEO Arkady Volozh said in the company’s announcement that demand in the UK is real and Nebius is sticking around.
The company’s latest quarter numbers show why Nebius is one of the more closely watched AI stocks right now. Nebius posted first-quarter 2026 revenue of $399.0 million, a jump of 684% from $50.9 million a year ago. Adjusted EBITDA came in at $129.5 million, swinging from an adjusted EBITDA loss of $53.7 million last year. The company also announced it lined up as much as 1.2 GW of power and land for an AI factory in Pennsylvania.
Whether the stock is appealing now comes down to risk appetite. Bulls have their reasons: Nebius is joining a major growth index, revenue is climbing, and its AI data centers are growing in both the U.S. and UK. The big risks are valuation and funding. Google Finance had the pre-market price close to the $235 average 12-month analyst target. Nebius also listed risks with financing, data-center scale, electricity, supply chain, and rivals. So NBIS is a high-growth, high-volatility AI infrastructure stock, not a value play.
Capital intensity is still a key issue. Nebius wrapped up a private placement of convertible senior notes in March, raising $4.3375 billion in principal. The company said it plans to use the cash for data center builds, AI cloud work, more geographic reach, GPUs and general purposes. Nebius also flagged the need for more funding as a risk for the business in the same release.
Nebius joins the Nasdaq-100, moving from an up-and-coming AI infrastructure play to a stock now tracked by more index funds and growth-focused investors. Shares are off their 52-week high of $278.84 and well above the year’s $43.89 low. The focus turns to whether index flows and AI cloud growth will be enough to balance out questions on valuation, spending, and execution risk.
