Key Takeaways
- Nebius Group (NBIS) secures a spot in the Nasdaq-100 index starting June 22, 2026, as part of Nasdaq’s regular quarterly rebalancing.
- Shares rallied 12.9% in after-hours trading Thursday following the announcement, with continued strength into Friday’s session.
- First quarter 2026 revenue reached $399 million, representing a remarkable 684% increase compared to the prior year.
- NBIS has climbed over 160% in 2026, outpacing all other newcomers to the Nasdaq-100 this quarter.
- Company insiders have offloaded $131 million worth of shares in the last three months without any purchases recorded.
Nebius Group (NBIS) has earned a position in the prestigious Nasdaq-100 index. The announcement came Thursday as Nasdaq unveiled its quarterly index rebalancing results, with NBIS set to officially join before markets open on June 22.
Shares responded enthusiastically, climbing 12.9% in after-hours trading Thursday evening. As of Friday’s trading session, NBIS was changing hands at $229.15, representing an additional 3% gain.
The Nasdaq-100 serves as the foundation for more than 200 investment products managing over $800 billion in assets globally. Index funds and ETFs that track this benchmark will need to purchase NBIS shares before the June 22 implementation, generating consistent demand in the coming weeks.
Nebius enters the index with four other companies: Astera Labs (ALAB), CoreWeave (CRWV), Rocket Lab (RKLB), and Teradyne (TER). Meanwhile, Charter Communications, Cognizant, Insmed, Verisk Analytics, and Zscaler are departing the index.
Among the five incoming members, Nebius demonstrates the strongest 2026 performance with gains of 165.5%. Astera Labs follows at 120.9%, Teradyne at 97.0%, Rocket Lab at 64.5%, and CoreWeave at 33.7%.
Explosive Revenue Expansion Fuels Index Qualification
The company’s index admission follows an impressive first quarter performance. Nebius generated $399 million in Q1 2026 revenue — representing a massive 684% surge from the $50.9 million recorded in Q1 2025.
Adjusted EBITDA turned positive at $129.5 million, a dramatic reversal from the $53.7 million loss posted during the comparable period last year.
Nebius enjoys backing from Nvidia and maintains extensive infrastructure partnerships with both Microsoft and Meta. A long-term $17 billion revenue contract with Microsoft represents a cornerstone of the company’s expansion trajectory.
Recent strategic initiatives include a £1.7 billion commitment to deploy Nvidia infrastructure across the United Kingdom, a Physical AI Living Lab collaboration with Nvidia targeting robotics startups, and plans for a 1.2 GW AI facility in Pennsylvania.
Elevated Valuation and Insider Selling Raise Questions
Despite impressive momentum, certain indicators warrant attention. NBIS currently commands a P/E multiple of 73.01x, significantly exceeding broader market norms.
The company’s GF Score registers at 52 out of 100, indicating moderate overall strength. Detailed ratings show financial strength at 4/10, profitability at 5/10, and growth potential at 6/10.
Insider transaction patterns have tilted bearish recently. During the past three months, company insiders have divested $131 million in shares. Zero insider purchases have been documented over this timeframe.
Headquartered in Amsterdam, Nebius emerged from Russian technology giant Yandex following sanctions related to the Ukraine conflict. The company now carries a market capitalization near $56.43 billion.
With year-to-date gains exceeding 160%, NBIS ranks among the top-performing stocks in the AI infrastructure sector throughout 2026.
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