Movement Alert|NEBIUS Rises 3.45% in After-Hours Trading, Nasdaq 100 Index Inclusion Expectation Combined with Cloud Computing Sector Strength

Market Focus
Sep 17

On September 16, NEBIUS rose 3.45% in after-hours trading, trading at $216.69/share, with turnover of $141 million. The gain was driven by index inclusion expectations and broad cloud computing sector momentum.

On the news front, NEBIUS and CoreWeave are set to be included in the Nasdaq 100 Index, boosting expectations of passive fund allocation demand. The broader cloud computing sector rallied in tandem, with CoreWeave surging over 7% and Oracle climbing more than 4%, signaling a notable recovery in sector sentiment.

Additionally, Truist recently initiated coverage on NEBIUS with a Buy rating and a $355 price target, noting the company is an AI-native hyperscale cloud provider with significant growth potential. The analyst projected the annual addressable cloud services market could reach $2.1 trillion by 2030 and highlighted NEBIUS's ability to capture share from both emerging and incumbent hyperscale cloud providers. The company recently completed a $5.75 billion convertible notes offering earmarked for data center construction and AI cloud expansion, and announced a strategic partnership with Palantir to deploy AI-native compute infrastructure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10