New York, Jan 12, 2026, 19:09 EST — After-hours
- Nebius Group shares climbed roughly 9.6% in late trading, building on Monday’s rally.
- Shares of AI infrastructure rivals like CoreWeave and IREN also saw gains.
- Investors eye the next earnings window, seeking updates on financing and capacity.
Nebius Group N.V. shares climbed roughly 9.6% to $107.33 in late Monday trading, after moving between $96.32 and $108.64 earlier in the session. Trading volume hit around 16 million shares.
This shift is significant because the market has rapidly repriced firms renting out AI computing power — and just as swiftly sold off those stocks. Nebius stands out as a clearer proxy for this trade, lacking other factors to soften the volatility.
Monday’s move didn’t come with any new company news. Benzinga suggested the uptick was likely fueled by a stronger mood in tech, rather than a specific Nebius update. (Benzinga)
The boost wasn’t limited to one stock. CoreWeave jumped roughly 12%, while IREN climbed over 9%, lifting a group of AI infrastructure names as the session wound down.
Among the bigger players, Oracle gained around 3% and AMD climbed about 2%, though the broader market showed little movement. The Invesco QQQ ETF, which tracks the Nasdaq-100, remained mostly flat.
Nebius offers access to graphics processing units, or GPUs—key chips for training and running AI models—along with software to oversee that workload. Reuters reported in December that the company is expanding beyond large-scale contracts. Co-founder Roman Chernin noted they’re preparing for when “the winter will come.” (Reuters)
The big contracts continue to dominate the conversation. Reuters reported that Nebius struck a five-year deal to provide Microsoft with GPU infrastructure capacity valued at $17.4 billion. That figure could climb to roughly $19.4 billion if Microsoft opts for extra services.
Nebius hasn’t lost sight of its product plans. Earlier this month, it announced it will start offering Nvidia’s Vera Rubin NVL72 systems in the U.S. and Europe from the second half of 2026. Chief Executive Arkady Volozh said the company is “proud to be one of the first” to roll out the new GPUs.
Still, the optimistic scenario hinges heavily on execution and securing funds. A Microsoft-related SEC filing outlined service-level commitments and “liquidated damages”—meaning preset penalties if capacity arrives late. It also noted that obligations under the agreement kick in only after Nebius confirms it has locked in additional financing for capital expenditures. (SEC)
In the short term, traders are focused on whether the rally sustains through Tuesday’s regular session and if demand for AI infrastructure stocks continues to pull NBIS along.
The next firm milestone is earnings, though the exact date remains uncertain. Nebius has no events listed on its investor calendar, but MarketBeat projects the report will drop Feb. 18, ahead of market open. (Nebius)
