Nebius Group (NBIS) shares climbed more than 6% in after‑hours trading on Tuesday as investors rushed into AI infrastructure names following a strong earnings report from CoreWeave (CRWV). The upside comes just before Nebius’ second quarter of 2026 earnings report due on Wednesday, before the bell.
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Explore CWVX for 2X leverage on CRWVIn the extended trading session, CoreWeave posted a smaller‑than‑expected quarterly loss along with 112% revenue growth. Also, the company revealed a massive $104 billion revenue backlog, which boosted confidence across the AI cloud and neocloud markets. The results reflect that demand for advanced AI data center capacity remains strong, thereby lifting Nebius stock in sympathy.
The rally was also supported by a positive Goldman Sachs (GS) report. Top analyst Alexander Duval reiterated a Buy rating and a Street‑high $286 price target, calling Nebius’ setup “strong” thanks to tight hardware supply, firm pricing, and an efficient expansion model.
Further, Nebius got a lift from wider industry optimism after Nvidia (NVDA) became part of a $500 billion funding plan to support specialized neocloud partners, which includes Nebius. This push is meant to help smaller, high‑performance cloud players build more AI and compute capacity. For Nebius, being tied to this plan boosts confidence around future demand and long‑term growth.
What Investors Will Watch Tomorrow
Wall Street expects Nebius to report a wider loss per share of $0.72 for Q2 2026, compared to a loss of $0.38 in the prior-year quarter. Revenue is estimated to rise 442% year-over-year to $569.89 million.
Markets will be focused on updates about its 2026 run‑rate target of $7 billion to $9 billion, as well as clarity on its $20 billion to $25 billion capex plan, including progress at its Vineland, New Jersey facility.
Is NBIS Stock a Buy?
On TipRanks, NBIS carries a Moderate Buy consensus rating based on seven Buys and four Holds assigned in the past three months. The average Nebius price target of $241.00 implies 24.72% upside potential from current levels. Year-to-date, NBIS stock has surged 124.2%.
