Nebius Group shares rose after BNP Paribas Exane upgraded the stock to Outperform and sharply increased its price target, citing accelerating AI cloud growth and new large customer agreements. The firm also plans meaningful price increases for select Nvidia GPU instances and AMD EPYC CPU services starting Oct. 1, signaling strong demand and potential margin expansion. The update reinforces bullish sentiment toward AI infrastructure capacity providers.
AI Insight · NCSKNBIS2USD/USDTAI Insight
▲ Bullish
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Shares of AI infrastructure provider Nebius Group rose about 8% on Thursday after BNP Paribas Exane upgraded the stock to Outperform from Neutral and raised its price target to $399 from $260. The company has recently signed several large customer agreements and reported rapid growth in its AI cloud business. Nebius also plans to raise prices for selected Nvidia GPU instances by roughly 17% to 21% starting Oct. 1.