New York, Feb 6, 2026, 07:16 EST — Premarket
- NBIS shares climbed around 4.8% in pre-market trading, bouncing back after a nearly 18% slide over the last two sessions
- The rebound follows investors reevaluating high-growth AI and software stocks amid a wider tech selloff
- Nebius will release its fourth-quarter and full-year 2025 results on Feb. 12
Nebius Group N.V. shares jumped roughly 4.8% to $77.41 in premarket action Friday, recovering some ground after a steep two-day drop in the Nasdaq-listed AI cloud firm.
The bounce is significant since Nebius now acts as a high-beta stand-in for the “AI infrastructure” sector—one of the market’s most sensitive to swings in risk appetite and uncertainty over when hefty AI investments will start generating cash flow. With its next earnings report due in under a week, all eyes are on its guidance and spending plans.
U.S. stock index futures held steady Friday following a sharp sell-off in tech stocks earlier this week, as the spotlight on capital expenditure—investment in assets like data centers and chips—intensifies. “There is little tolerance for capex without accompanying monetization,” said Ryan Lee, senior vice president of product and strategy at Direxion. Reuters
Nebius shares dropped 10.3% Thursday, closing at $73.87 following an 8.4% decline Wednesday, per market data. The stock hit a session low of $73.52, with volume topping 15 million shares on both days.
The drop follows a wider retreat in software and AI-related shares, with investors hesitant to jump in on early dips. “Our customers have not been as eager to buy dips in software,” Steve Sosnick, chief strategist at Interactive Brokers, noted in a separate comment on this week’s sector selloff. Reuters
Nebius, based in Amsterdam, positions itself as a developer of full-stack infrastructure tailored to the global AI sector. It operates extensive GPU clusters—graphics processing units essential for training and running AI models—spread throughout Europe and the U.S.
The company was spun off from Yandex’s non-Russian operations and positions itself as a go-to alternative for AI computing power amid growing pressure on major cloud providers. Reuters earlier revealed that Nebius secured a multibillion-dollar AI infrastructure contract with Microsoft, linked to a new data center planned in Vineland, New Jersey.
Nebius plans to report its fourth-quarter and full-year 2025 results on Thursday, Feb. 12, ahead of the U.S. market open. The company will hold a conference call at 8:00 a.m. Eastern time that morning, it said.
Investors want clarity on how fast Nebius plans to scale AI computing capacity, what impact that will have on capital expenditures, and the rate at which its order book will translate into revenue in the coming quarters. These issues have become more pressing as tolerance for cash burn in high-growth tech firms continues to wane.
The stock has seen volatile daily swings, with premarket action often amplified by thinner liquidity. If growth, spending, or customer timing disappoints on Feb. 12, the selloff could deepen—even if the long-term AI demand thesis remains solid.
Nebius’ Feb. 12 earnings report and the follow-up conference call will serve as the next key catalyst. Traders are expected to zero in on guidance and how quickly infrastructure is expanding.
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