What Happened to Nebius Group N.V.?
Nebius Group N.V., trading under the ticker NBIS, is a global technology company specializing in AI-centric cloud platforms and high-performance computing infrastructure. Following its separation from Yandex in 2024, Nebius has experienced rapid growth, driven by significant contracts, including a multi-year $17 billion agreement with Microsoft, and aggressive global expansion in the burgeoning AI sector. The company's stock has shown volatility but maintains a positive outlook from analysts due to strong fundamentals and ambitious 2026 growth targets.
Quick Answer
NBIS is the stock ticker for Nebius Group N.V., a technology company focused on AI and cloud infrastructure, and is distinct from National Bankshares, Inc., which trades under the ticker NKSH. Since its rebrand and separation from Yandex in 2024, Nebius Group has become a prominent player in the AI space, securing major contracts like a $17 billion deal with Microsoft in September 2025. As of March 2026, the company is pursuing aggressive global expansion, including a large AI factory in the U.S., and analysts project substantial revenue growth for the year, despite recent stock fluctuations.
📊Key Facts
📅Complete Timeline10 events
Nebius Group N.V. Founded
Nebius Group N.V., a technology company focused on AI and cloud infrastructure, was founded.
Initial Public Offering (IPO)
The entity that would later become Nebius Group N.V. had its Initial Public Offering.
Separation from Yandex and Rebrand
Nebius Group N.V. rebranded and separated from Yandex N.V., shifting its strategic focus entirely to international AI and cloud operations.
Multi-Year Agreement with Microsoft
Nebius Group secured a significant multi-year $17 billion revenue agreement with Microsoft to provide computing capacity.
All-Time High Stock Price
Nebius Group stock reached an all-time high closing price of $135.46.
Microsoft Contract Deployment Begins
The first phase of the major Microsoft contract was successfully delivered on schedule.
Q4 and Full-Year 2025 Earnings Report
Nebius Group reported its Q4 and full-year 2025 earnings, which, despite some diluted EPS misses, led to a stock climb due to strong future guidance.
Stock Volatility Amidst Market Reassessment
NBIS stock traded around $80.86, experiencing volatility after reaching triple-digit levels in January, reflecting a broader market reassessment of high-growth technology stocks.
Approval for U.S. AI Factory Construction
Nebius Group received approval from the Independence City Council in Missouri to proceed with the construction of its largest U.S. AI factory, a 1.2 GW, 400-acre facility.
Current Stock Performance and Analyst Outlook
As of today, NBIS stock has fluctuated between $98.40 and $98.75. Analysts maintain a 'Strong Buy' rating, citing strengthening fundamentals and aggressive global expansion plans, with 2026 guidance targeting significant revenue and ARR growth.
🔍Deep Dive Analysis
Nebius Group N.V. (NASDAQ: NBIS) is a technology company that provides infrastructure and services to AI builders worldwide, offering an AI-centric cloud platform with full-stack infrastructure, including large-scale GPU clusters and developer tools. It also operates specialized brands such as Toloka AI, TripleTen, and Avride. The company is headquartered in Amsterdam, the Netherlands, and was founded in 2004.
The current iteration of Nebius Group N.V. emerged following its separation and rebrand from the Russian tech firm Yandex N.V. in 2024. This strategic move was influenced by geopolitical factors and sanctions related to the Ukraine-Russia war, allowing Nebius to focus on its international businesses and position itself as a key player in the global AI infrastructure market. This separation was a pivotal moment, enabling the company to attract international investment and partnerships.
A significant turning point for NBIS occurred in September 2025 when it secured a multi-year $17 billion revenue agreement with Microsoft to provide computing capacity. This deal substantially boosted Nebius's backlog and market position, with the first phase of the contract successfully deployed by November 2025. The company's stock reached an all-time high closing price of $135.46 on October 13, 2025.
In early 2026, Nebius Group continued its aggressive expansion, receiving approval in March 2026 for the construction of its largest U.S. AI factory, a 1.2 GW, 400-acre facility in Missouri. Despite reporting diluted EPS misses for Q4 2025, the stock climbed in February 2026 due to strong 2026 guidance. The company projects Annual Recurring Revenue (ARR) of $7–9 billion and revenue of $3.2 billion for 2026, representing over 500% year-over-year growth. However, this ambitious growth comes with high capital expenditure (CapEx), projected at $16–20 billion for 2026, which remains a key risk as it may necessitate further capital raises.
As of March 11, 2026, Nebius Group N.V. (NBIS) stock has fluctuated between $98.40 and $98.75, with a market capitalization of approximately $24.26 billion. Analysts generally maintain a 'Strong Buy' rating, citing strengthening fundamentals and a robust outlook for the company's role in the expanding AI market. The company is actively working to deliver on existing contracts and build out its extensive AI infrastructure globally, with its stock performance reflecting both its high growth potential and the inherent volatility of the technology sector.
What If...?
Explore alternate histories. What if Nebius Group N.V. made different choices?