Key Highlights
- On June 10, 2026, Nebius Group finalized its purchase of Eigen AI, an AI inference specialist, though deal terms remain confidential.
- First quarter revenue reached $399 million, representing a remarkable 684% increase compared to the prior year, surpassing Wall Street’s $375 million projection.
- Per-share losses totaled ($0.23), significantly outperforming analyst expectations of ($0.77).
- Shares of NBIS started trading Tuesday at $260.07, reflecting a dramatic 415% gain over the trailing twelve-month period.
- Analyst sentiment remains positive with nine Buy recommendations, led by Citigroup’s $287 price objective.
Nebius Group (NBIS) wrapped up its purchase of Eigen AI on June 10, 2026, approximately six weeks following the initial announcement on May 1. The Amsterdam-headquartered AI cloud infrastructure provider verified the completion through a Tuesday press statement after securing necessary regulatory clearances. The companies did not reveal financial specifics of the transaction.
Eigen AI specializes in inference technology and model optimization—core competencies that integrate seamlessly with Nebius’s current cloud platform designed for AI development and production workloads.
This acquisition announcement arrives amid a period of exceptional financial performance for Nebius. During the first quarter of 2026, the organization generated $399 million in revenue, marking a 684% jump versus the corresponding period twelve months earlier. The AI Cloud division specifically contributed $389.7 million, accounting for 98% of consolidated revenue.
The company’s quarterly per-share loss of ($0.23) substantially exceeded Street expectations, which had anticipated losses of ($0.77) per share.
NBIS shares began Tuesday’s session at $260.07. The equity has traded within a 52-week band of $43.89 to $278.84, posting gains exceeding 415% over the past twelve months. The stock’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 presently hovers around $65.80 billion.
Wall Street Price Targets Climb
Analyst coverage has intensified in recent weeks. Citigroup elevated its price objective from $169 to $287 after reviewing Q1 performance, reaffirming its Buy recommendation. Citizens JMP increased its forecast from $175 to $270, maintaining a Market Outperform designation. Morgan Stanley adopted a more conservative stance, adjusting its target upward from $126 to $144 while retaining an Equal Weight rating.
Current analyst coverage includes nine Buy ratings and six Hold recommendations. The consensus price target across all covering analysts averages $203.25, according to MarketBeat analytics.
Compass Point previously revised its target upward from $150 to $260, sustaining its Buy rating.
Institutional ownership continues expanding. Millennium Management established a fresh position valued at approximately $11.5 million during Q1. UBS Asset Management Americas contributed roughly $9 million in new investment. Royal Bank of Canada similarly initiated coverage with a $1.6 million stake. Combined institutional and hedge fund ownership now represents 21.90% of outstanding shares.
Executive Stock Sales Accelerate
Regarding insider transactions, Chief Technology Officer Danila Shtan divested 15,678 shares on June 4 at an average execution price of $238.96, trimming his holdings by 5.1%. This transaction occurred through a pre-established Rule 10b5-1 trading arrangement.
Insider Andrey Korolenko liquidated 500,000 shares on May 13 at $203.24 each, reducing his ownership position by 46.07%. Throughout the past ninety days, company insiders have collectively sold 700,710 shares totaling more than $132 million.
Nebius recently unveiled a 22-megawatt, ten-year contract with Kao Data for infrastructure buildout at a United Kingdom data center facility, forming part of a broader £1.7 billion British investment initiative. The firm additionally revealed 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.
Venture Visionary Partners LLC expanded its holdings by 13% in the fourth quarter, acquiring 5,922 additional shares to reach a total position of 51,462 shares, worth approximately $4.3 million.
