On July 9, NEBIUS rose 3.52% in regular trading, trading at $216.39/share, with turnover of $761 million. The stock continued its recovery trajectory after falling over 20% since July 1.

On the news front, the rebound is primarily driven by analysts explicitly stating that Meta has no excess compute capacity available for external sale, directly alleviating the market's core concern that Meta's planned internal compute commercialization unit would create direct competition with NEBIUS. Meta had previously signed an agreement worth up to $27 billion with NEBIUS for AI infrastructure services, sparking fears of a client-turned-competitor dynamic when reports emerged of Meta building a cloud business.

BNP Paribas maintains a positive long-term fundamental view on the company with a $255 target price, while noting that AI compute pricing remains favorable due to tight supply-demand conditions. The stock's short-term technical recovery momentum continues to be released following the steep prior selloff, with the stock rebounding from levels near $195 earlier this week.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)