What's Going on With Nebius Group Stock Thursday?
Nebius Group N.V. (NASDAQ: NBIS ) stock rose more than 1% in Thursday’s premarket session after plunging 17.01% in the previous trading day. The weakness followed reports that Meta Platforms Inc. (NASDAQ: META ) is exploring an expansion into AI computing services, raising concerns that the tech giant could become a new competitor in the fast-growing neocloud market. For Nebius, the development carries added significance because the company has a multi-year capacity agreement with Meta valued at up to $27 billion. Investors worry that Meta’s expansion into commercial cloud services could eventually put it in competition with one of its largest customers. The report also revived concerns about the long-term competitive moat of independent GPU cloud providers. If cash-rich hyperscalers expand into specialized AI computing services, they could increase pricing pressure and er...
V. 01% in the previous trading day. The weakness followed reports that Meta Platforms Inc. (NASDAQ: META ) is exploring an expansion into AI computing services, raising concerns that the tech giant could become a new competitor in the fast-growing neocloud market.
For Nebius, the development carries added significance because the company has a multi-year capacity agreement with Meta valued at up to $27 billion. Investors worry that Meta’s expansion into commercial cloud services could eventually put it in competition with one of its largest customers. The report also revived concerns about the long-term competitive moat of independent GPU cloud providers. If cash-rich hyperscalers expand into specialized AI computing services, they could increase pricing pressure and erode market share for smaller cloud operators.
The competitive concerns extended across the sector. CoreWeave Inc. 92% in Wednesday’s session as investors reassessed the outlook for neocloud providers. Technical Analysis Despite the recent pullback, Nebius remains in a strong long-term uptrend.
64% over the past 12 months. 91. That setup suggests the stock is consolidating after a strong rally rather than reversing its broader trend. 36, placing the stock in neutral territory.
The reading suggests neither buyers nor sellers have a clear short-term advantage. The longer-term trend also remains constructive. 31. Traders are watching $279 as the next resistance level.
50, close to the 50-day moving average. Earnings And Analyst Outlook Nebius is expected to report earnings on Aug. 6, 2026. Wall Street expects the company to post a loss of 73 cents per share, compared with a loss of 38 cents a year earlier.
1 million. 5, reflecting its premium valuation. 89. Recent actions include Bank of America Securities raising its price forecast to $280 on June 8, BNP Paribas initiating coverage with a Neutral rating and a $255 price forecast on June 2, and DA Davidson maintaining a Neutral rating with a $250 price forecast on May 18.
79, reflecting its strong relative performance over the past year. 77 indicates the shares remain expensive relative to peers. The ratings point to strong investor confidence in the company’s growth outlook, but its premium valuation may leave the stock more vulnerable to negative headlines. 60 during premarket trading on Thursday, according to Pro data.
Read Also: CoreWeave Vs. Nebius: Analyst Spotlights Upside For Leading AI Neocloud