NEBIUS stock rose 13%, reaching an all-time high. With a market capitalization of $39.6 billion, this milestone reflects a significant surge in the company’s stock value, marking a remarkable 549.12% increase over the past year. The robust growth in Nebius Group NV’s stock price underscores the company’s strong performance and investor confidence, propelling it to new heights in the market. The stock has delivered an 84.6% return year-to-date alone.

CoreWeave, Inc. up 9%, Oracle up 5%.

In other recent news, Nebius Group has agreed to acquire Eigen AI for approximately $643 million. This acquisition, aimed at expanding Nebius’s artificial intelligence capabilities, will be completed using cash and Class A shares, pending antitrust clearance and other customary conditions. In another significant development, Nebius signed a $27 billion long-term contract with Meta to supply AI compute infrastructure, which includes $12 billion of dedicated capacity over five years starting in 2027. Following this contract win, Goldman Sachs raised its price target for Nebius to $205 while maintaining a Buy rating.

Meanwhile, Wolfe Research initiated coverage on Nebius with a Peerperform rating, setting a fair value range of $80 to $170 based on fiscal year 2027 EBITDA estimates. Conversely, Freedom Capital Markets downgraded Nebius to Hold from Buy, despite raising its price target to $154 due to valuation concerns. The firm noted the stock’s rapid appreciation as a factor in their decision. These recent developments highlight Nebius’s strategic moves and the varied analyst perspectives on its stock.