Why Is NBIS Stock Jumping Nearly 3% In Overnight Trading?

• Nebius has been expanding data centers across Europe.
• Last week, the company announced plans to set up three data centers in the UK.
• Stocktwits sentiment for NBIS remained ‘neutral.’

Nebius Group NV’s stock rose 2.6% in overnight trading heading into Wednesday, extending its strong rebound, while retail traders expect the shares to surpass their previous record high and make a run toward the $300 mark for the first time.

Nebius shares are riding a four-day winning streak, gaining about 30% over the period and bucking the broader market weakness with another advance on Tuesday, even as technology stocks sold off.

Meanwhile, users on Reddit and X flagged that Nebius is hiring for a role in Estonia and suggested the company might be in the early stages of setting up a data center there. 

Nebius posted a Warehouse & Logistics Specialist vacancy on its careers page, its only open position in the country, triggering the speculation.

NBIS Capacity Expansion

The Amsterdam-headquartered company has been on a massive capacity expansion drive across Europe. Last week, the company announced plans to set up three data centers in the UK, with a total outlay of 1.7 billion pounds ($2.3 billion).

The development comes a few months after the company announced a 310-megawatt data center in Finland, which would be one of the continent's largest with ​an estimated value of more than $10 billion, Nebius said at the time. It had also announced a 240-megawatt data center in France.

The capacity expansion is meant to support surging cloud orders. After securing a major contract from Microsoft last year, Nebius announced in March 2026 a $24 billion deal with Meta Platforms, a development that some analysts saw as the company’s progression toward becoming a key AI hyperscaler in the market.

The new deal and aggressive capacity expansion have supercharged the stock. NBIS stock is up 217% year-to-date, emerging as one of the key beneficiaries of the AI boom.

Retail View Caution On NBIS

On Stocktwits, the retail sentiment for NBIS was ‘neutral’ early Wednesday, unchanged from the previous day. Some traders flagged overheating in NBIS and other chip names.

“$NBIS that double top. literally every chart is the same $MU $SNDK $MRVL Take cover!  too much money is chasing!  $SPY risk off IMO,” said a trader.

To reach $300, the stock would need to gain 13% from its Tuesday closing price.

To be sure, trading on Wednesday would be influenced by the Federal Reserve’s rate decision, due at 2 pm ET. Economists expect the central bank to keep the rate unchanged in the 3.50%-3.75% range, according to a Reuters poll.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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