Movement Alert|NEBIUS Rises 4% in After-Hours Trading, Baird Initiates Coverage With Outperform Rating Amid NVIDIA Stake Tailwind

Market Focus
Jul 23

On July 23, NEBIUS rose 4% in after-hours trading, trading at 228.5 USD/share, with turnover of 78.6465 million USD.

On the news front, investment bank Baird initiated coverage on NEBIUS with an Outperform rating and a price target of $250, reinforcing investor confidence in the stock's upside potential. FactSet data shows analysts maintain an average target price of $270.80. Additionally, NVIDIA's previously disclosed 9.3% stake in NEBIUS — comprising 1.1905 million Class A shares and a prepaid warrant convertible into 21.0659 million shares — continues to fuel bullish sentiment as the market views the strategic investment as a strong endorsement of NEBIUS's positioning in AI infrastructure.

Options market data further supports the bullish narrative, with large-scale call option purchases and bull spread strategies concentrated on NBIS, indicating institutional capital is decisively positioned for continued upside. Multiple positive catalysts are converging to sustain the stock's upward momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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