Key Highlights

  • Nebius Group is set for Nasdaq-100 inclusion effective June 22, creating mandatory rebalancing purchases from ETFs and passive funds tracking the index, with investors positioning ahead of the forced buying event.
  • The $643 million acquisition of Eigen AI, a leading inference and model optimisation company, closed on June 10, expanding Nebius's full-stack AI cloud platform with specialised inference capabilities.
  • NBIS is trading at $295.49 in pre-market June 18, up 5.19% from the June 17 close of $280.91, with the stock up from a 52-week low of $43.89 to a pre-market level near all-time highs.

Nebius Group N.V. (NASDAQ: NBIS) is trading at $295.49 in pre-market June 18, 2026, up 5.19% from the June 17 close of $280.91. Nebius is an Amsterdam-headquartered AI cloud company, formerly Yandex N.V. (rebranded August 2024), building a full-stack GPU-powered platform for compute, storage, and developer tools for AI training and inference. Beyond core cloud, the group operates Toloka AI (generative AI data solutions), TripleTen (tech career re-skilling), and Avride (autonomous driving). Backed by Nvidia and led by CEO Arkady Volozh, Nebius has market capitalisation of $67.42 billion, 625% year-over-year revenue growth, and targets approximately $900 million in annual recurring revenue.

Two catalysts compound in pre-market. Nasdaq-100 inclusion becomes effective June 22, requiring ETFs and passive funds tracking the index to purchase NBIS shares to align with the benchmark. This creates a predictable, date-certain demand event that active investors systematically front-run ahead of the rebalancing date. Second, the $643 million acquisition of Eigen AI closed on June 10 following regulatory approval, integrating a leading inference and model optimisation company into Nebius's AI cloud stack.

Eigen AI Strengthens the Inference Layer

Eigen AI specialises in inference efficiency and model optimisation, capabilities that are increasingly central to commercial AI deployment as customers move from training workloads to production inference at scale. Adding dedicated inference optimisation deepens the full-stack offering and positions Nebius to capture revenue from inference workloads, increasingly the dominant AI infrastructure spend category.

Revenue Growth and Valuation Context

NBIS trades at a P/E of 108.04 on positive EPS of $2.60, reflecting genuine profitability alongside a premium growth multiple. The 52-week range of $43.89 to $297.93 illustrates the scale of the re-rating since the Yandex rebranding. Key risks include Eigen AI integration execution, hyperscaler competition, and valuation sensitivity to any revenue growth deceleration.

Nebius Group's pre-market advance reflects forced passive buying ahead of Nasdaq-100 inclusion on June 22 converging with the Eigen AI acquisition close.