Nebius (NBIS) Stock Surges 9% on Q2 Earnings Beat and Goldman Sachs Boost
TLDR
- Nebius Group stock jumped 9.5% in premarket trading after releasing Q2 2026 earnings before the U.S. market open.
- Wall Street expected revenue of $576M-$583M for the quarter, representing over 400% year-over-year growth.
- Goldman Sachs assigned a street-high price target the day before, citing tight GPU supply and sold-out Q1 capacity.
- CoreWeave’s Q2 results and reports of Nvidia steering ~$500 billion toward AI cloud specialists boosted the whole neocloud sector.
- High short interest of ~24% of float amplified the move, with the stock rising from $193.23 to $211.64 in premarket.
Nebius Group stock jumped 9.5% in premarket trading on Wednesday after the AI cloud infrastructure company dropped its second-quarter 2026 results before the U.S. market open.
The stock moved from a prior close of $193.23 to $211.64 in premarket, well ahead of the broader market. The Nasdaq gained just 0.5%, while the S&P 500 was up 0.2% and the Dow Jones barely moved.
Wall Street had been expecting Q2 revenue in the range of $576 million to $583 million. That would represent year-over-year growth of more than 400%.
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