Nebius Group N.V. (NASDAQ: NBIS) stock rose about 4% Friday as investors favored higher-growth technology stocks during a broad market rally.
The Nasdaq gained 0.95%, while the S&P 500 rose 0.69%. The technology sector advanced 0.99%.
Nebius' gains came as investors moved back into growth stocks. Ten of the 11 major sectors were trading higher Friday, while the Russell 2000 gained 0.97% and the Dow rose 0.43%.
Nebius has also maintained strong momentum over the past year, helping the stock outperform the broader technology sector Friday.
Nebius Expands AI Inference Platform
Separately, Nebius on Thursday said it acquired Inferize, an inference optimization company, to strengthen its Nebius Token Factory platform.
Inferize develops technology designed to reduce the time needed to launch and scale large AI models. Nebius said the technology can cut idle GPU time, improve capacity utilization and lower inference costs.
Inferize's team has joined Nebius Token Factory and will help integrate the technology across the company's production inference stack.
The deal builds on Nebius' earlier additions of Eigen AI and technology from Clarifai as it expands its managed AI inference capabilities.
Financial terms were not disclosed.
Last week, BNP Paribas upgraded Nebius stock to Outperform from Neutral and raised its price forecast to $399 from $260. The firm said its outlook for Nebius has "meaningfully improved" since it initiated coverage in June.
The analyst said Nebius could approach $22 billion in annual recurring revenue by the end of 2027. The firm also said Nebius' 2027 guidance could drive a "material reset" to current estimates.
Technical Analysis
NBIS remains above its major moving averages.
The stock is about 5.6% above its 20-day simple moving average of $229.50 and roughly 44.5% above its 200-day SMA of $167.74.
Its 20-day SMA is also above the 50-day SMA, while the 50-day SMA remains above the 200-day SMA. That alignment points to an intact longer-term uptrend.
Momentum indicators are also supportive. The MACD is above its signal line, while the histogram remains positive.
Traders may watch resistance near $254.50. Support sits around $204.
Earnings And Analyst Outlook
Nebius is expected to report earnings around Nov. 10.
Analysts expect a loss of 87 cents per share, compared with a loss of 40 cents a year earlier. Revenue is projected at $891.01 million, up from $146.10 million a year earlier.
The stock carries a Buy consensus rating and an average price forecast of $259.15.
William Blair initiated coverage with an Outperform rating on Sept. 30. BNP Paribas upgraded the stock to Outperform on Sept. 24 and raised its price forecast to $399. Rothschild initiated coverage with a Sell rating and an $84 price forecast on Sept. 21.
Momentum Rankings And ETF Exposure
NBIS has a Momentum score of 97.04 in the market data rankings, reflecting strong price momentum relative to the broader market.
Its Value score is much weaker at 3.87, suggesting valuation remains a potential concern even as momentum stays strong.
The Leverage Shares 2X Long NBIS Daily ETF (NASDAQ: NBIG) has about 50.91% of its portfolio tied to NBIS.
Because of that concentration, fund inflows and outflows can amplify trading activity in Nebius shares.
Price Action
Nebius shares were up 4.03% at $241.65 at the time of publication Friday, according to market data.
