Nebius NBIS Surges as Bulls Bet on AI Infra Expansion
Nebius Group NV (NBIS) jumped about 48% last week on stronger-than-expected revenue and bullish sentiment, with several banks boosting price targets and hedge funds increasing exposure, as the company outlines aggressive AI infrastructure expansion including plans to reach 5 GW of contracted power by year-end and deploy over 1 GW annually starting next year.