Nebius Group Stock Surges Over 26% Amid Strong Tech Sector Rally
On July 30, 2026, Nebius Group N.V. (NBIS) saw its stock rise by over 26%, outperforming the broader market as tech stocks rebounded from a previous day's sell-off. The surge came in response to strong earnings reports and guidance from Microsoft and Meta Platforms, both of which indicated robust demand for data center capacity driven largely by AI initiatives. Microsoft reported securing more than $130 billion in new data center leases during the quarter—a significant increase—and plans to nearly double its data center footprint within two years. Meanwhile, despite lackluster overall results, Meta also noted strong internal and external demand for compute resources. These developments bode well for Nebius Group, which provides AI computing services. Despite this positive momentum, analysts remain cautious about the stock due to concerns over valuation and reliance on costly debt financing.
Topics: AI cloud computing data centers Meta Platforms Microsoft Nebius Group