On August 18, NEBIUS rose 3.13% in pre-market trading, trading at approximately 277.29 USD/share, with turnover of $207 million.

On the news front, Bank of America Securities maintained its \"Buy\" rating on Nebius, noting that older-generation GPUs at new cloud providers are expected to remain in service through 2029, effectively alleviating market anxiety over \"compute depreciation.\" Previously, Citi also maintained its \"Buy\" rating and raised its target price to $324. On fundamentals, Nebius reported Q2 AI cloud revenue of $575 million, surging 514% year-over-year and significantly beating market expectations, while adjusted net loss narrowed 64% year-over-year.

Notably, the stock had faced headwinds from bearish options activity, including an $18.2 million bear put spread wagering on medium-term weakness, and a planned $12.75 million share sale by non-executive director Ryan Charles E. The bullish analyst coverage appears to have offset near-term selling pressure in pre-market activity.

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