Why Is Nvidia-Backed Nebius Stock Rising In Premarket Today?

• Nebius will set up a new data center in the country, which is expected to be one of the largest in Europe.
• The cloud infrastructure company has jumped onto investors’ radars after securing multibillion-dollar deals with Microsoft and Meta, as well as a $2 billion investment from Nvidia.
• Stocktwits sentiment for NBIS remained ‘bearish’, weighed by the broader market selloff.

Shares of Nebius Group rose more than 2% in early premarket trading and generated heavy buzz on Stocktwits after the company announced a new data center in Finland, which it said would be among the latest additions in Europe.

The new facility will come up in the Finnish city of Lappeenranta, with a planned capacity of up to 310 MW. Nebius said it expects the data center to begin initially supplying customers by 2027. The company’s first data center in the country is in Mantsala and has a capacity of up to 75 MW.

The developments sparked fresh interest in NBIS stock, with retail traders urging patience on AI-related trades amid an extended selloff in the market.

$NBIS so many bulls have turned to the dark side these past few weeks… I’m accumulating as much as possible around these levels & if we dip lower,” said a user.

Still, the retail sentiment for NBIS remained ‘bearish,’ unchanged over the past week.

Recent Developments At Nebius

Nebius emerged in 2024 after Yandex's international assets were spun off following the Russia-Ukraine war, refocusing the business entirely on AI infrastructure. 

Recently, the company has been expanding rapidly, securing multibillion-dollar cloud deals with Microsoft, acquiring AI search startup Tavily, and receiving a $2 billion investment from Nvidia.

Earlier this month, it announced a major $24 billion deal with Meta Platforms, a development that some analysts saw as the company’s progression in becoming a key AI hyperscaler in the market.

Nebius, headquartered in the Netherlands but listed in the U.S., has emerged as one of Europe’s leading neoclouds for AI compute. NBIS shares have gained 10% year to date, compared to the 7.3% slide in the benchmark S&P 500 index.

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