NEW YORK, Jan 27, 2026, 14:57 (EST) — Regular session
Nebius Group N.V. shares climbed 7.6% to $98.44 by Tuesday afternoon, following a close at $91.46 the day before. The stock swung between $93.35 and $98.75, on roughly 8.2 million shares changing hands.
This shift comes as traders gear up for the Federal Reserve’s initial rate decision of 2026, set for Wednesday. Such events often cause volatility in rate-sensitive growth stocks. According to the central bank’s calendar, the Fed will release its statement at 2 p.m. EST, with Chair’s press conference to follow at 2:30 p.m. 1
Nebius, a data centre operator based in the Netherlands, bills itself as Europe’s biggest “neocloud” — a niche cloud provider leasing GPUs, the chips essential for training and running AI models. It’s cited multi-billion-dollar capacity deals with Microsoft and Meta while pushing into the U.S. and European markets. The company aims to lock in 2.5 gigawatts of contracted power by the end of 2026, according to a December report by Reuters. Co-founder Roman Chernin warned they must be prepared “for when the winter will come” if the AI boom slows. 2
Sentiment around AI infrastructure surged after Nvidia revealed a $2 billion investment in CoreWeave and a broader partnership. Nvidia CEO Jensen Huang described it as “the largest infrastructure buildout in human history.” Meanwhile, CoreWeave CEO Michael Intrator noted that demand is “moving into large-scale production.” 3
The Invesco QQQ Trust, tracking the Nasdaq 100, climbed roughly 0.9%.
Nebius caught investors’ eyes last year by unveiling a long-term AI infrastructure deal with Microsoft, touting it as a growth catalyst for 2026. Founder and CEO Arkady Volozh said the partnership would “accelerate the growth” of its AI cloud business. 4
The model demands a lot of capital, and the numbers can shift fast if demand, funding, or hardware supply tighten up. In November, Nebius inked a five-year deal with Meta valued at around $3 billion. The company then revealed it spent $955.5 million on capital during the September quarter, posting a loss exceeding $100 million as it scrambled to secure GPUs, land, and power. 5
Traders are eyeing whether the company can boost capacity without relying heavily on new funding, and if it can attract clients beyond the hyperscalers — the largest cloud providers. Nebius is set to report its next earnings around Feb. 18, per Nasdaq’s calendar. 6
