PREVIEW: Nebius jumps as investors eye AI demand

Citigroup

Yesterday 10:00

Repeats BUZZ published on Wednesday with no changes
** Nebius Group NBIS.O shares jumping 18.9% to $159.30 on Weds ahead of Q3 results due before the bell on Thurs, with focus on AI infrastructure demand and capacity expansion plans
** NBIS stock getting a boost on the session after Nvidia-backed CoreWeave's CRWV.O upbeat earnings and outlook soothed investor angst about the AI trade
** The cloud services firm is expected to post qtrly rev of $907.5 mln, up from $146.1 mln a yr-ago, and adj EPS of $-0.69 vs $-0.40 in Q3 2025, per LSEG
** NBIS stock has surged ~90% YTD, far outpacing the Nasdaq's .IXIC ~10% rise
** Amsterdam-based co last month secured a $3.5 bln financing facility from Citi to fund data center development and GPU purchases amid a race to expand capacity
** Wall Street is bullish, with 16 analysts rating the stock a "buy" or higher vs 8 "hold" recommendations; median PT of $300 up from $255 three months ago

(Reporting by Colin Barr in New York)