Why Nebius Stock Skyrocketed Today

Nebius Group N.V. (NBIS, NASDAQ) shares jumped 34.14% following fourth-quarter results that showed the AI infrastructure provider sharply narrowing losses while booking substantial EBITDA gains. The company reported an adjusted net loss of $33 million, down from $92 million in the prior-year period, and posted $236 million in EBITDA, a reversal from the $21 million loss a year earlier.

Management attributed the performance to surging demand for AI computing capacity, a trend that has lifted utilization across its cloud infrastructure platform. The rally gained additional momentum from short-covering, as bearish positions unwound amid the stronger-than-expected results.

The profitability inflection and revenue scale-up signal Nebius is capturing share in the competitive AI infrastructure market, where compute shortages continue to drive pricing power for providers with available capacity.