New York, February 22, 2026, 14:32 EST — The market is shut.
- Nebius Group (NBIS) finished the session Friday at $97.92, sliding roughly 9%.
- AI infrastructure peers stumbled as well, leaving the sector squarely in focus heading into Monday.
- Nvidia’s results drop Feb. 25, and investors are on edge, watching for key U.S. data set to arrive later in the week.
Nebius Group N.V. (NBIS) dropped roughly 9%, closing Friday at $97.92. The stock traded as high as $108.30 earlier. Volume reached 17.3 million shares.
Shares in smaller AI infrastructure names slumped ahead of Monday’s open. CoreWeave gave up 8.1% on Friday, with Iris Energy and Applied Digital losing roughly 7.6% and 7.9% each.
Friday’s inflation release landed: the core personal consumption expenditures price index climbed 0.4% in December, putting it 3.0% higher year-over-year, according to Reuters. Pooja Sriram, economist at Barclays, pointed out that legal services saw a price spike, but she cautioned, “this tends to be a very volatile category, with very little forward-looking inference.” (Reuters)
The government also reported that real gross domestic product expanded at a 1.4% annual pace for the fourth quarter. (Bureau of Economic Analysis)
Nebius falls into the “neocloud” category—smaller outfits offering AI computing power on demand, typically leasing Nvidia GPU-based infrastructure to AI developers. Microsoft and Meta are listed as customers, according to Reuters. (Reuters)
Nebius posted fourth-quarter revenue of $227.7 million on Feb. 12, a sharp jump from $35.2 million one year back. Capital expenditure surged to $2.06 billion for the quarter, covering outlays like GPUs and data centers. The company’s net loss from continuing operations expanded to $249.6 million, according to the press release.
Chief Executive Arkady Volozh said, “demand from enterprises and AI native customers continues to outpace supply, allowing us to sell future capacity well in advance.” Nebius reported annualized run-rate revenue, or ARR, hit $1.25 billion at year-end and is aiming for $7 billion to $9 billion by the end of 2026. The company also noted it has locked in over 2 gigawatts of contracted power and holds roughly $3.7 billion in cash.
Nebius agreed to acquire Tavily, a company focused on real-time search infrastructure for AI agents, according to a Feb. 10 SEC filing. The structure calls for upfront cash, plus additional payments based on performance. Nebius expected the deal to close within days, but didn’t reveal how much it’s paying.
The path isn’t straight. Building capacity eats cash for these businesses, and if customer demand wobbles, power hookups lag, or chip supplies tighten, targets and financing plans start to feel the strain.
Nvidia is on deck with its next big readout. The chipmaker’s fourth-quarter earnings call lands Wednesday, Feb. 25, at 5 p.m. ET—investors have been circling that date for weeks as a key marker for the AI-driven rally. (NVIDIA Newsroom)
Looking past chips, investors will be watching for U.S. consumer confidence numbers coming out at 10 a.m. ET Tuesday, with producer prices set for 8:30 a.m. ET Friday, per TradingCharts.com’s economic calendar. Both reports have the potential to shake up bond yields—which often ricochet straight into high-growth stocks. (Forex Trading Charts)
Investors in Nebius stock are watching Monday for clues that Friday’s drop was merely a blip in a volatile streak. The next big marker is Nvidia’s Feb. 25 update.
