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MarketBeat
MarketBeat
Ryan Hasson

Nebius Is Up Nearly 175% This Year—Here's What's Driving the Latest Run

Nebius Group (NASDAQ: NBIS) is up almost 175% year-to-date, and the momentum shows no signs of slowing. The AI infrastructure company has gone from strength to strength over the past year.

The stock closed at $227.81 on Thursday, not too far from its recent all-time high of $278.84, and the catalyst stack behind its recent move is as compelling as anything in the neocloud sector right now. From a landmark NVIDIA (NASDAQ: NVDA) endorsement to a multi-billion dollar hedge fund stake, the story and sentiment are accelerating on multiple fronts simultaneously.

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