Nebius (NBIS) Pops Today: What's Going On With This AI Stock?

Core Insights - Nebius Group NV (NASDAQ:NBIS) shares are experiencing a rebound after a significant sell-off following a mixed third-quarter report and concerns over dilution [1][2] Financial Performance - The company reported third-quarter revenue of $146.1 million, which fell short of Wall Street estimates of approximately $153.7 million [2] - Full-year revenue guidance was set between $500 million to $550 million, below the analyst projection of around $578 million [2] - Despite the guidance reset, Nebius achieved approximately 237% year-over-year revenue growth [3] Strategic Developments - Nebius announced a $3 billion, five-year infrastructure deal with Meta Platforms, aiming to expand compute capacity to 2.5GW by 2026 [3] - This positions Nebius as a significant supplier in the AI data-center build-out [3] Market Sentiment and Analyst Ratings - Analysts at Northland Capital Markets set a price target of $211, while D.A. Davidson maintains a $150 target, labeling Nebius as a "top AI pick" [4] - The recent stock price increase of 6.58% brought shares to $91.64, despite broader tech benchmarks trading lower [4]