On August 4, NEBIUS rose 3.59% in pre-market trading, trading at 221.55 USD/share, with turnover of $25.21 million, extending its prior session gain of over 11%.

On the news front, Microsoft's earnings report revealed Azure cloud service revenue surged 43% year-over-year, with annual revenue exceeding $100 billion for the first time, confirming sustained demand for AI infrastructure. The strong results lifted the broader cloud computing sector, with CoreWeave rising over 12%, Meta and Oracle gaining over 6%, and Microsoft, Amazon, and Google each climbing over 5% in prior sessions.

Additionally, NVIDIA holds a 9.3% stake in NEBIUS, and Baird initiated coverage with an Outperform rating. Analysts polled by FactSet assign a mean price target of $270.80, implying significant upside from current levels. These multiple positive catalysts continue to provide upward momentum for the stock. Notably, options market activity showed a $2.37 million call selling order on the $220 strike expiring August 7, suggesting some institutional caution on near-term upside magnitude.

(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.)