Movement Alert|NEBIUS Rises 3.14% in Regular Trading, Cloud Computing Sector Strength Sustained by Microsoft Earnings and Multiple Analyst Initiations

Market Focus
Aug 04

On August 4, NEBIUS rose 3.14% in regular trading, trading at 226.04 USD/share, with turnover of $1.069 billion, extending its recent strong upward momentum.

On the news front, Microsoft's earnings report revealed Azure cloud services revenue surged 43% year-over-year, with annual revenue surpassing $100 billion for the first time, reinforcing sustained demand for AI infrastructure and lifting the cloud computing sector broadly. On the same day, Piper Sandler initiated coverage of NEBIUS with a Neutral rating and a $224 price target, while Baird had previously initiated coverage with an Outperform rating. The average analyst target price stands at approximately $267.88. Additionally, NVIDIA holds a 9.3% stake in the company, providing further fundamental support.

Notably, options market activity showed a $2.367 million call sell order on the $220 strike expiring August 7, signaling some institutional caution on near-term upside despite the bullish momentum.

(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.)

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