NBIS Stock Rallies After The Nvidia-Backed Company Lands $775M Debt Deal To Fund AI Buildout

• The financing structure allows Nebius to fund AI infrastructure expansion without issuing new equity.
• Nebius said it has more than $40 billion in contracted revenue from investment-grade customers, including Microsoft and Meta Platforms.
• The company also confirmed it remains on schedule with its Microsoft capacity deployment while targeting roughly $22.5 billion in capital expenditures during 2026.

Shares of Nvidia (NVDA)-backed Nebius (NBIS) jumped in morning trade on Friday despite broader market weakness after the company announced its first-ever senior secured debt facility.

The company said its $775 million loan was backed by GPU hardware already deployed in its data centers and cash flows from an existing customer contract.

NBIS stock gained more than 4% in morning trade and was among the top trending tickers on Stocktwits at the time of writing. The stock has more than doubled in value this year.

Meanwhile, the broader market was trading lower, with the SPDR S&P 500 ETF (SPY) down 0.84%, the SPDR Dow Jones Industrial Average ETF (DIA) slipping nearly 0.1%, and the Nasdaq-100 tracking Invesco QQQ Trust (QQQ) plummeting over 1.7%.

How Is Retail Feeling About NBIS Stock?

Retail sentiment on Stocktwits around NBIS stock jumped to ‘extremely bullish’ from ‘bullish’ territory over the past day. Chatter surged to ‘high’ from ‘normal’ levels, with data showing an over 150% jump in message volume over the last 24 hours. 

Retail traders on the platform said there was a “buying opportunity” after a rough stretch for the stock falling nearly 20% this year. One trader pointed to the roughly 42% pullback from Nebius's nearly $300 high, noting that corrections tend to be fast and furious and can create very good buying opportunities.

Another retail investor said it was an opportunity to "buy low" and "buy the fear if fundamentals haven't changed."

How Nebius’ $775 Million Facility Works

Nebius had projected roughly $22.5 billion in capital expenditures for 2026, with market watchers focused on how the company would finance its aggressive AI infrastructure expansion.

Unlike a traditional corporate loan, Nebius’ facility is tied to revenue-generating assets already in operation. The company said the structure converts existing infrastructure into fresh growth capital and could be replicated across future customer deployments.

The company added that it has more than $40 billion of additional contracted revenue from investment-grade customers, including Microsoft (MSFT) and Meta Platforms (META), creating opportunities to use similar financing structures going forward.

Nebius also confirmed it has delivered its latest scheduled capacity tranche to Microsoft and remains on track with the remainder of that contract.

Nebius isn't alone in leaning on asset-backed debt to fund GPU buildouts. Rival CoreWeave (CRWV) closed an $8.5 billion delayed-draw term loan facility earlier this year. 

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