On September 16, NEBIUS rose 3.04% in regular trading, trading at approximately $213.45/share, with turnover of $2.19 billion. The rally was driven by dual catalysts: anticipated inclusion in the Nasdaq 100 Index and a broad rebound across the cloud computing sector.
On the news front, NEBIUS and CoreWeave are set to be added to the Nasdaq 100 Index, a development expected to boost passive fund allocation demand as index-tracking vehicles adjust their holdings. On the same day, the U.S. cloud computing services sector rallied collectively, with CoreWeave surging over 7% and Oracle climbing more than 4%, reflecting a notable improvement in sector sentiment.
NEBIUS recently completed a $5.75 billion convertible note offering to fund data center construction and AI cloud expansion, and announced a strategic partnership with Palantir as its preferred sovereign AI infrastructure partner. Additionally, Truist initiated coverage with a Buy rating and a $355 price target, citing NEBIUS as an AI-native hyperscale cloud provider with significant growth potential in a cloud services market projected to reach $2.1 trillion annually by 2030.
(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.)