Shares of Nebius (NBIS) surged 8.05% in after-hours trading on Wednesday, building on the momentum from earlier in the day. The stock's significant jump can be attributed to two major catalysts: a substantial agreement with Meta Platforms and a positive analyst rating.

Nebius Group recently announced a new agreement to deliver AI infrastructure to Meta, valued at approximately $3 billion over five years. This deal underscores Nebius' growing importance in the AI infrastructure sector and its ability to secure large-scale contracts with major tech players. The company also stated that it now expects to have over 2.5GW of contracted power by the end of 2026, with 800MW-1GW of connected power, highlighting its ambitious growth plans.

Adding to the positive sentiment, Citizens initiated coverage on Nebius Group with a "Market Outperform" rating. This vote of confidence from analysts signals strong expectations for the company's future performance and its position within the booming AI infrastructure market. The optimistic outlook is further supported by Nebius' projection of achieving an annualized run-rate revenue of $7 billion to $9 billion by the end of 2026. As demand for AI computing power continues to grow, Nebius appears well-positioned to capitalize on this trend, potentially driving further stock appreciation in the coming sessions.