New York, Feb 12, 2026, 06:30 EST — Premarket
- NBIS edged up roughly 0.4% ahead of the bell, changing hands at $88.98.
- The stock dropped 3.46% to close at $88.61 last session.
- Results are expected out before the bell. Not much detail yet on the Tavily acquisition terms.
Nebius Group N.V. shares inched 0.4% higher to $88.98 before the bell Thursday, recovering a bit after their steep 3.46% decline to $88.61 in Wednesday’s session. Volume Wednesday hit roughly 13.9 million shares, with trades spanning from $87.14 up to $94.75. 1
AI cloud provider Nebius, based in Amsterdam, will release its fourth-quarter and full-year 2025 figures ahead of the U.S. market open. Management has lined up a live webcast for 8:00 a.m. Eastern. 2
The timing is key here, with much of Nebius’s narrative still pointed toward the future. Right now, investors are betting on gains from leased GPU computing—those graphics chips that drive both AI training and “inference,” the routine model operations—and they’re watching closely to see if the company can scale up without costs spiraling.
This week, the company added yet another move: Nebius said Tuesday it struck a deal to acquire Tavily, a startup working on “agentic search.” That’s tech designed to help AI agents—task-oriented systems—grab up-to-date data straight from the web. “This acquisition brings the search layer directly into our stack,” chief business officer Roman Chernin said. 3
Nebius, in a Feb. 10 filing, said it will pay the upfront amount in cash for Tavily. There’s also the potential for Tavily holders to get more, depending on performance targets. That extra payout, according to Nebius, could come as cash, Class A shares, or a combination. The deal doesn’t need Nebius shareholder approval, and the company expects to close once usual conditions are met.
Nebius is set to buy Tavily for $275 million, according to someone with knowledge of the deal, Bloomberg reported. The company itself hasn’t revealed the transaction’s price tag. 4
Tavily’s message to users aimed for calm: “Nothing changes about how you use Tavily today,” founder and CEO Rotem Weiss wrote. API and data policies are sticking as is, Weiss said. 5
There’s been debate among analysts: should investors focus on revenue growth, or are infrastructure costs the bigger story right now? TipRanks notes that Morgan Stanley’s Josh Baer sticks with a Hold on the stock. Over at Freedom Capital Markets, Paul Meeks is more bullish—he’s just launched coverage with a Buy. 6
On Thursday, the report’s guidance and what’s happening with customer demand—especially compared to the company’s spending—will probably draw the most trader attention. Details about how Tavily is being integrated into Nebius’s platform may also influence forecasts for software revenue and margins.
The risks aren’t hard to spot. A weaker forecast, rising expenses, or even subtle signs of trouble with GPU supply or data-center expansion could batter a stock that’s already swinging wildly day to day. And then there’s the Tavily earnout: how much it ultimately costs—and how much dilution might come if it’s settled in shares—remains up in the air.
Early Thursday, Nebius’s investor page had Q4 and full-year 2025 materials marked as “soon to be published.” Next up: the earnings release and the 8:00 a.m. ET call, both hard catalysts for NBIS. Management gets its first shot there to put real numbers to 2026 spending plans and the Tavily timeline. 7
