Key Highlights
- On June 10, 2026, Nebius Group finalized its purchase of AI inference specialist Eigen AI, though the deal’s financial details remain confidential.
- First-quarter revenue reached $399 million, representing a 684% year-over-year increase and exceeding the $375 million analyst forecast.
- Per-share losses totaled ($0.23), significantly outperforming the analyst projection of ($0.77).
- NBIS shares started trading Tuesday at $260.07, reflecting a gain exceeding 415% over the trailing twelve-month period.
- The stock enjoys Buy recommendations from nine Wall Street analysts, with Citigroup establishing the top price objective at $287.
Nebius Group (NBIS) wrapped up its Eigen AI acquisition on June 10, 2026, approximately six weeks following the initial May 1 announcement. The Amsterdam-headquartered AI cloud infrastructure provider verified the completed transaction through a Tuesday press statement after securing necessary regulatory clearances. The companies did not reveal the acquisition price.
Eigen AI specializes in inference technology and model optimization—areas that integrate seamlessly with Nebius’s current cloud platform designed for artificial intelligence development and implementation.
This acquisition coincides with Nebius delivering remarkable financial performance. During the first quarter of 2026, the organization generated $399 million in revenue, marking a 684% climb versus the corresponding period in 2025. Revenue from the AI Cloud division specifically totaled $389.7 million, accounting for 98% of overall company revenue.
The company’s quarterly deficit registered at ($0.23) per share, substantially better than Wall Street’s ($0.77) consensus forecast.
NBIS began Tuesday’s session at $260.07. The equity has traded between $43.89 and $278.84 over the past 52 weeks, generating returns exceeding 415% during the last twelve months. The 50-day moving average currently rests at $187.49, while the 200-day moving average stands at $129.09.
The company’s market capitalization presently reaches approximately $65.80 billion.
Wall Street Raises Price Objectives
Financial analysts have responded positively to recent developments. Citigroup elevated its price target from $169 to $287 after reviewing the Q1 financial results, keeping its Buy recommendation intact. Citizens JMP increased its objective from $175 to $270, maintaining a Market Outperform stance. Morgan Stanley adopted a more conservative approach, adjusting its target upward from $126 to $144 while assigning an Equal Weight designation.
The stock currently carries Buy ratings from nine analysts and Hold recommendations from six others. According to MarketBeat tracking data, the consensus price target across all coverage stands at $203.25.
Compass Point previously revised its target from $150 to $260 while retaining a Buy rating.
Institutional ownership has expanded as well. Millennium Management established a fresh stake valued at roughly $11.5 million during Q1. UBS Asset Management Americas purchased approximately $9 million in shares. Royal Bank of Canada similarly opened a new position worth $1.6 million. Combined, institutional investors and hedge funds control 21.90% of outstanding shares.
Corporate Insiders Reduce Holdings
Regarding insider transactions, CTO Danila Shtan divested 15,678 shares on June 4 at an average sale price of $238.96, decreasing his holdings by 5.1%. This transaction occurred through a pre-established Rule 10b5-1 trading arrangement.
Insider Andrey Korolenko disposed of 500,000 shares on May 13 at $203.24 each, trimming his ownership position by 46.07%. Throughout the past ninety days, company insiders have collectively sold 700,710 shares valued at more than $132 million.
Nebius has additionally revealed a 22-megawatt, decade-long contract with Kao Data for infrastructure implementation at a United Kingdom data center facility, representing a portion of a larger £1.7 billion British investment initiative. The organization has also publicized a 328 MW fuel cell collaboration with Bloom Energy.
Situational Awareness, an investment firm headed by former OpenAI researcher Leopold Aschenbrenner, purchased a 5.6% equity stake.
Venture Visionary Partners LLC expanded its holdings by 13% during Q4, purchasing 5,922 additional shares to reach a total of 51,462 shares, representing approximately $4.3 million in value.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
