Stock Track | NEBIUS Soars 5.08% Intraday as Baird Initiates Outperform Coverage, NVIDIA Stake Continues to Fuel Bullish Sentiment

Stock Track
Jul 23

NEBIUS (NBIS) shares surged 5.08% during Thursday's intraday trading session, extending gains as multiple positive catalysts converged to drive bullish momentum in the AI infrastructure company.

Investment bank Baird initiated coverage on NEBIUS with an Outperform rating and a $250 price target, reinforcing institutional confidence in the stock. According to FactSet data, the analyst consensus target price stands at $270.80, significantly above current trading levels, providing further upside potential. Additionally, NVIDIA's previously disclosed Schedule 13G filing with the SEC, revealing an approximately 9.3% ownership stake comprising 22.2564 million shares, continues to bolster market confidence in NEBIUS's competitive positioning within the AI computing infrastructure space.

In the options market, large-block funds have concentrated positions in call options and bull spreads, signaling clear institutional bullish conviction. The convergence of these positive catalysts—new analyst coverage, strategic backing from NVIDIA, and strong options market sentiment—is driving the stock's ongoing upward momentum.

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