Nebius (NBIS) Stock Soars 415% as Eigen AI Deal Closes and Q1 Revenue Rockets 684%

Key Highlights

• On June 10, 2026, Nebius Group finalized its purchase of AI inference specialist Eigen AI, keeping deal terms confidential.
• First-quarter revenue climbed to $399 million, marking a 684% surge from the prior year and exceeding Wall Street’s $375 million projection.
• The AI cloud provider posted a per-share loss of ($0.23), significantly outperforming analyst expectations of ($0.77).
• Shares of NBIS started trading Tuesday at $260.07, reflecting a gain of more than 415% over the trailing twelve-month period.
• Analyst sentiment remains positive with nine Buy recommendations, including Citigroup’s top price objective of $287.

The Amsterdam-headquartered Nebius Group (NBIS) successfully completed its takeover of Eigen AI on June 10, 2026, approximately six weeks following the initial May 1 announcement. The company verified the acquisition through a Tuesday press statement after securing necessary regulatory clearances. Specific financial details of the transaction remain undisclosed.

Nebius Group N.V., NBIS

Eigen AI specializes in inference technology and model optimization—core competencies that integrate seamlessly with Nebius’s current cloud infrastructure designed for AI training and deployment workflows.

This acquisition arrives alongside remarkable financial performance from Nebius. During the first quarter of 2026, the company generated $399 million in revenue, representing a staggering 684% increase versus the comparable period in 2025. Revenue from the AI Cloud segment specifically totaled $389.7 million, accounting for 98% of overall company revenue.

The company’s quarterly per-share loss of ($0.23) substantially exceeded Street expectations, which had anticipated a loss of ($0.77) per share.

NBIS began Tuesday’s session at $260.07. Trading over the past 52 weeks has ranged from a low of $43.89 to a peak of $278.84, with shares posting gains exceeding 415% over the last twelve months. The 50-day moving average currently stands at $187.49, while the 200-day moving average registers at $129.09.

The company’s market capitalization has reached approximately $65.80 billion.

Wall Street Price Targets Climb Higher

Financial analysts have responded positively to recent developments. Following the strong Q1 performance, Citigroup elevated its price objective from $169 to $287 while reaffirming its Buy recommendation. Citizens JMP increased its target from $175 to $270, maintaining a Market Outperform stance. Morgan Stanley adopted a more conservative approach, raising its target from $126 to $144 alongside an Equal Weight rating.

Current analyst coverage includes nine Buy ratings and six Hold ratings. According to MarketBeat data, the consensus price target across all analysts sits at $203.25.

Compass Point previously adjusted its target upward from $150 to $260 while maintaining its Buy recommendation.

Institutional ownership has expanded notably. Millennium Management established a fresh position valued at approximately $11.5 million during Q1. UBS Asset Management Americas contributed around $9 million in new investment. Royal Bank of Canada similarly initiated a position worth $1.6 million. Combined, institutional investors and hedge funds currently control 21.90% of outstanding shares.

Notable Insider Transaction Activity

Regarding insider activity, Chief Technology Officer 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 previously established Rule 10b5-1 trading arrangement.

Insider Andrey Korolenko sold 500,000 shares on May 13 at $203.24 each, reducing his ownership position by 46.07%. Throughout the most recent three-month period, company insiders have collectively sold 700,710 shares totaling more than $132 million.

Nebius has also recently unveiled a 22-megawatt, ten-year contract with Kao Data for infrastructure development at a United Kingdom data center facility, representing part of a broader £1.7 billion commitment to British operations. Additionally, the company revealed a 328 MW fuel cell collaboration with Bloom Energy.

Situational Awareness, an investment firm headed by former OpenAI researcher Leopold Aschenbrenner, has acquired a 5.6% ownership stake in the company.

Venture Visionary Partners LLC expanded its holdings by 13% during the fourth quarter, purchasing an additional 5,922 shares to bring its total position to 51,462 shares, currently valued at approximately $4.3 million.

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