On October 1, NEBIUS rose 3.06% overnight, trading at $243.25 per share, with turnover of approximately $20.32 million. A combination of a significant data center capacity deal, a bullish analyst initiation, and easing short-selling pressure drove the stock higher.

AIB Data Centers announced a binding agreement with Nebius to provide 50MW of IT capacity at a facility in the southeastern United States, expected to be distributed across two data center halls. The initial customer contract spans 12 years, supported by a 15-year, 65-MW utility power agreement. AIB noted that customer prepayments, along with project-level debt and preferred equity, are expected to fund a substantial portion of initial development costs, limiting potential shareholder dilution. The deal further validates Nebius's customer acquisition capabilities in AI computing infrastructure.

On the same day, William Blair initiated coverage on NEBIUS with an Outperform rating. The average analyst price target stands at $289.45. Additionally, prominent investor Michael Burry recently disclosed he has closed his direct short position on NEBIUS, converting it to put options, which mechanically reduces near-term selling pressure on the stock.

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