On September 30, NEBIUS rose over 3% in pre-market trading. The move was primarily driven by the announcement that AIB Data Centers has signed an agreement with Nebius to provide 50MW of IT capacity across two data center facilities in the US Southeast.

According to the terms, the project is backed by a 15-year, 65MW utility power agreement, with an initial client contract spanning 12 years. AIB expects to receive customer prepayments and finance the majority of construction costs through debt and preferred equity. The deal further validates Nebius's expanding footprint in AI compute infrastructure and its ability to secure long-term enterprise commitments.

The rally also comes amid easing short-term selling pressure after prominent investor Michael Burry disclosed he closed his sizable direct short position in NEBIUS, shifting instead to out-of-the-money put options expiring in June. Additionally, Nebius recently announced a roughly 20% across-the-board price increase on GPU cloud services effective October 1, its second hike in recent months, signaling persistently tight AI compute supply conditions.

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