Nvidia-Linked Nebius, Iren Stocks Close In On Eighth Day Of Gains As Neocloud AI Trade Runs Hot

• BofA raises price target on NBIS, citing new cloud deals and its data center expansion.
• Traders see Iren as an upcoming player after its pivot from Bitcoin mining to a large deal to supply computing capacity to Microsoft.
• On Stocktwits, message volume for NBIS and IREN increased by over 1,000% in the past month.

Shares of Nebius Group and Iren Ltd., two neocloud operators linked to Nvidia, have rallied strongly in recent weeks and are drawing fresh interest from retail traders. NBIS gained 1.6% in the early premarket session on Tuesday while IREN rose nearly 3%, with each having notched seven straight sessions in the green until Monday.

AI Drives Cloud Demand, Boosting NBIS, IREN Outlook

Nebius recently won massive hyperscaler contracts – a $17.4 billion deal with Microsoft and a $27 billion deal with Meta Platforms – and is positioning itself as a full-stack AI cloud provider. NBIS shares have rallied 67% in the last 14 sessions from a recent low.

On Monday, Bank of America raised its price target on the stock to $175 from $150, keeping a ‘Buy’ rating. The scale and structure of recent hyperscaler contracts, combined with ongoing capacity expansion at new data centers in Finland and Alabama, "further validate its position as a core supplier within the global AI infrastructure ecosystem," the research firm said in an investor note.

However, Freedom Capital downgraded NBIS to ‘Neutral’ from ‘Buy,’ while bumping the target to $154 from $108, saying the shares rose farther and faster than it had expected.

Investors are closely tracking IREN’s pivot from Bitcoin mining to AI infrastructure. The company has secured billions in Nvidia and Dell hardware and signed a nearly $10 billion deal with Microsoft to supply computing capacity. Analysts argue Iren’s delivery on the Microsoft deal will determine future contracts.

NBIS, IREN Emerge Retail Favorites

NBIS and IREN are among the more widely discussed stocks on Stocktwits. Message volume for the tickers has jumped by over 1,300% and by over 1,000% in the last 30 days, respectively.

As of Monday, the retail sentiment was ‘bullish’ for NBIS and ‘extremely bullish’ for IREN.

“$IREN is one deal away from going parabolic. We will likely see $60-$70 range soon. They have more data center locations likely onboarding and will have a deal soon,” said a trader.  

Another trader said IREN’s valuation is “30–35% cheaper” relative to neocloud peers, and investors are waiting for meaningful updates on deal flow or operational milestones. “Timing of visible results will be key to shift the narrative and narrow that 35–40% discount,” they said.

After Nvidia’s $2 billion investment last month, the path for IREN appear more stable. “Nebius ($NBIS) remains a top 2026 trade,” said a trader, forecasting that the stock could run to $200 from $154 currently by the end of the year.

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