AI cloud firm Nebius rises on Nvidia partnership

Nebius NV

27/08/2026 09:50

** Shares of AI cloud firm Nebius NBIS.O rise 7.9% to $230 premarket
** Nvidia NVDA.O CFO says Nebius will be the first early adopter of Groq 3 LPX, Nvidia's new AI inference platform, later this quarter
** Nvidia says its Vera Rubin platform is ramping into full production, with Nebius among the partners running the systems
** Strong demand for AI services and data center capacity was cited by Nebius as supporting its $5 billion convertible bond offering last week
** 8 of 10 brokerages rate the stock "buy" or higher, 2 "hold"; their median PT is $287.50 - data compiled by LSEG
** NBIS stock up 155% YTD   

 (Reporting by Darshan Kumar in Bangalore)
 ((darshan.kumar@thomsonreuters.com))