BUZZ-Preview: Nebius shares soar as investors focus on AI demand

November 11 - ** Nebius Group (NBIS.O) shares soared 18.9% to $159.30 on Wednesday, as the market awaits the company's third-quarter earnings report to be released before Thursday's market open. Market focus is on demand for artificial intelligence infrastructure and capacity expansion plans.

** Following the release of an optimistic earnings report and outlook by Nvidia-backed CoreWeave CRWV.O, concerns among investors over the AI sector eased (link), giving a boost to NBIS shares during the day's trading.

** According to the London Stock Exchange Group (LSEG), the cloud services company is expected to report quarterly revenue of $907.5 million, up from $146.1 million a year earlier; adjusted earnings per share are projected to be -$0.69, compared with -$0.40 for Q3 2025.

** NBIS shares have surged about 90% year to date, far outperforming the Nasdaq Index .IXIC, which has gained about 10%.

** The Amsterdam-headquartered company last month (link) secured a $3.5 billion financing line from Citibank to support data center development and GPU procurement in the capacity expansion race.

** Wall Street is bullish on the stock, with 16 analysts assigning a "Buy" or higher rating and only 8 rating it as "Hold"; the median target price is $300, up from $255 three months ago.

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