Key Highlights
- On June 10, 2026, Nebius Group finalized its purchase of AI inference specialist Eigen AI, though the purchase price remains confidential.
- First quarter revenue reached $399 million, representing a 684% jump from the prior year period and exceeding Wall Street’s $375 million projection.
- Per-share loss of ($0.23) significantly outperformed analyst expectations of ($0.77).
- Shares of NBIS started trading Tuesday at $260.07, marking a 415%-plus gain over the trailing twelve-month period.
- The stock holds nine Buy recommendations from analysts, with Citigroup posting the most optimistic price objective at $287.
The Amsterdam-headquartered AI cloud infrastructure provider Nebius Group (NBIS) announced the completion of its Eigen AI takeover on June 10, 2026, approximately six weeks following the initial May 1 announcement. The company issued a press statement Tuesday confirming regulatory clearance for the transaction. The parties did not reveal financial details of the agreement.
Eigen AI specializes in inference operations and model optimization technology—features that complement Nebius’s current cloud platform designed for AI model development and deployment.
The acquisition announcement coincides with impressive financial performance from Nebius. During the first quarter of 2026, the organization generated $399 million in revenue, marking a 684% increase versus the corresponding quarter of the previous year. Revenue from AI Cloud services specifically totaled $389.7 million, accounting for 98% of overall revenue.
The company’s quarterly per-share loss of ($0.23) substantially beat the Street’s consensus projection of ($0.77).
NBIS began Tuesday’s session at $260.07. Over the past year, the stock has traded in a range between $43.89 and $278.84, producing returns exceeding 415% during that timeframe. The equity’s 50-day moving average currently registers at $187.49, while the 200-day moving average stands at $129.09.
The company’s market capitalization now hovers around $65.80 billion.
Wall Street Price Objectives Climbing Higher
Analyst firms have responded positively to recent developments. Following the first quarter results, Citigroup elevated its price objective from $169 to $287 while reaffirming its Buy recommendation. Citizens JMP Securities increased its target from $175 to $270, maintaining a Market Outperform stance. Morgan Stanley adopted a more conservative approach, raising its target from $126 to $144 alongside an Equal Weight designation.
Currently, nine sell-side analysts maintain Buy recommendations on NBIS shares. An additional six analysts have issued Hold ratings. According to MarketBeat tracking, the consensus price target among covering analysts stands at $203.25.
Compass Point previously adjusted its objective upward from $150 to $260 while keeping its Buy rating intact.
Institutional participation continues expanding. During Q1, Millennium Management established a fresh position valued at approximately $11.5 million. UBS Asset Management Americas incorporated roughly $9 million in new holdings. Royal Bank of Canada similarly initiated a stake worth $1.6 million. Combined institutional and hedge fund ownership currently represents 21.90% of outstanding shares.
Company Insiders Reduce Holdings
Regarding insider activity, Chief Technology Officer Danila Shtan divested 15,678 shares on June 4 at an average price of $238.96, decreasing his holdings by 5.1%. The transaction was conducted through a previously established Rule 10b5-1 trading arrangement.
Insider Andrey Korolenko disposed of 500,000 shares on May 13 at $203.24 each, trimming his ownership position by 46.07%. Throughout the most recent three-month period, company insiders have collectively sold 700,710 shares totaling more than $132 million in value.
Nebius recently revealed a 22-megawatt, decade-long arrangement with Kao Data for infrastructure deployment at a United Kingdom data center facility, forming part of a larger £1.7 billion British investment initiative. The organization also unveiled a 328 MW fuel cell collaboration with Bloom Energy.
Situational Awareness, an investment vehicle managed by former OpenAI researcher Leopold Aschenbrenner, purchased a 5.6% ownership stake in the company.
Venture Visionary Partners LLC expanded its holdings by 13% during the fourth quarter, purchasing an additional 5,922 shares to bring its total position to 51,462 shares, representing approximately $4.3 million in value.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
