New York, February 20, 2026, 11:42 a.m. EST — Regular session
- Nebius shares give up roughly 5% in late-morning action, pulling back after climbing for two straight sessions.
- Compass Point started coverage, slapping a Buy on the stock and setting the price target at $150.
- CoreWeave, another AI infrastructure name, lost ground. The “neocloud” trade stayed unsettled.
Nebius Group N.V. shares dropped 4.7% to $102.50 on the Nasdaq late Friday morning, giving back a chunk of the nearly 10% run-up from the last two sessions.
This is a notable development for Nebius, which operates in a narrow, often unpredictable corner of the market supplying AI computing power—specifically the GPU-driven engines behind AI model training and deployment. When a new research note drops on a stock with this little coverage, sentiment can swing sharply.
The move drops into an ongoing debate around “neoclouds”—those smaller cloud outfits scrambling to scale up data-center space just to keep pace, but lacking the deep pockets of tech’s giants. What’s the right price for that kind of expansion, when it’s all fueled by hefty outlays? Investors are still wrestling with that question.
Compass Point kicked off coverage this week, slapping a Buy on Nebius and setting a $150 price target. The firm called Nebius a “full-stack AI infrastructure company” that sells GPU compute via its AI cloud platform. 1
NBIS surged 5.7% on Thursday after climbing 4.4% the previous session, with the stock touching highs north of $108 before giving up ground Friday. 2
AI infrastructure names split directions Friday. CoreWeave lost roughly 9%. Nvidia, the sector’s chip powerhouse, edged up.
Nebius is pouring money into expanding its data centers and snapping up AI chips, according to Reuters, which also notes that Microsoft and Meta Platforms are on its client list. Founder and CEO Arkady Volozh expects demand to “outpace supply in 2026 and likely for the next several years.” 3
The upside has its pitfalls. Capital spending—known as “capex” in market lingo—can turn on shareholders if financing dries up, construction runs late, or customer demand fizzles before new capacity gets used.
Traders are eyeing the next move: will Friday mark just a brief pause, or kick off a deeper slide? There’s also the question of fresh analyst coverage after this week’s debut. For now, Nebius’ investor events page shows no scheduled calls or conferences. 4
After Friday, the focus shifts to Nebius’ lineup of developer events—Nvidia’s GTC in San Jose runs March 16–19, followed by KubeCon in Amsterdam from March 23–26, both on the company’s schedule. Nebius has said it will be present. News of any contracts, capacity changes, or product updates tied to those dates stands out as the next obvious catalyst for NBIS. 5
