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NBIS
Archive-backed market intelligence for NBIS: every HIPERWIRE mover article tied to this asset, plus a client-refreshed live market panel.
NBIS tracks the value of 1 share of Class A ordinary stock in Nebius Group N.V. Nebius is an AI cloud company building full-stack AI infrastructure, including large-scale GPU clusters, data centers, and developer tools for training and deploying AI models.
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Nvidia's 9.3% Stake Disclosure Re-Rates NBIS to $212
Nvidia filed a Schedule 13G on July 20 disclosing a 9.3% passive stake in Nebius — 22.26 million Class A shares, most of it a pre-funded warrant tied to the $2 billion investment it announced back in March. The capital isn't new, but the filing crystallized Nvidia as a top holder on the record and stripped out the dilution fear that had cut NBIS roughly 40% from its June high. NBIS is up 17.41% over 21 hours to about $212.50 on the Hyperliquid perp, with Northland lifting its target to $410 and Freedom Capital upgrading to Buy. Combined with last week's $775 million debt facility, the bear case on how Nebius funds its buildout has now been answered twice in one week.
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All NBIS Mover Articles
Nvidia's 9.3% Stake Disclosure Re-Rates NBIS to $212
Nvidia filed a Schedule 13G on July 20 disclosing a 9.3% passive stake in Nebius — 22.26 million Class A shares, most of it a pre-funded warrant tied to the $2 billion investment it announced back in March. The capital isn't new, but the filing crystallized Nvidia as a top holder on the record and stripped out the dilution fear that had cut NBIS roughly 40% from its June high. NBIS is up 17.41% over 21 hours to about $212.50 on the Hyperliquid perp, with Northland lifting its target to $410 and Freedom Capital upgrading to Buy. Combined with last week's $775 million debt facility, the bear case on how Nebius funds its buildout has now been answered twice in one week.
NBIS Rebounds to $178 as Nebius Funds Its Buildout With Debt, Not Dilution
NBIS is up 8.65% over 20 hours to around $178 on the Hyperliquid perp, rebounding off Thursday's $171.77 close. The catalyst is clean: Nebius closed its first senior secured debt facility, roughly $775 million collateralized by already-deployed GPUs and an investment-grade customer's contracted cash flows, priced at SOFR + 2.50% and maturing in 2030. That directly answers the fear that crushed the stock a day earlier — how a company guiding to $22.5 billion of 2026 capex funds it without diluting shareholders. It's a rebuttal to the bear case, not an all-clear: NBIS is still about 40% below its June high near $300.
NBIS Slides Under $200 as the Neocloud Unwind Swamps a $1B Reflection Deal
NBIS is down 9.01% over two hours to $199.40 on the Hyperliquid perp, slipping back below $200 on the same day Nebius signed a $1 billion-plus compute deal with AI startup Reflection. Good news getting sold within hours is the tell: this is a sector unwind, not a company problem. SK Hynix profit-taking after its $26.5 billion Nasdaq debut dragged the whole neocloud complex lower, and the lingering Meta compute overhang from early July is still capping the tape. Even after a roughly 30% slide from its June peak, NBIS is up about 155% on the year.
NBIS Holds the Round-Trip as Operational Updates, Not News, Carry the Bounce
NBIS is up 7.09% over 24 hours to around $217 on the Hyperliquid perp, extending its recovery off the early-July Meta-compute washout. There is no fresh catalyst behind this specific leg — it is follow-through on the July 8 session, which ran roughly 11% on above-average volume behind a stack of operational updates rather than a single headline. What the tape is really doing is holding the full round-trip of the selloff while it decides whether a $46 billion Microsoft and Meta backlog outweighs the risk that Meta's own cloud ambitions eat into it. NBIS still sits about 27% below its late-June high near $300.
NBIS Round-Trips the Meta-Compute Washout as the $46B Backlog Reasserts
NBIS is back at $223 on the Hyperliquid perp, up 21.96% over 23 hours and now fully round-tripped from the ~$183 low that marked the depth of the early-July Meta-compute derating. There is no single clean catalyst — the most concrete driver was TTRF Capital disclosing NBIS as its largest holding, wrapped in a stack of incremental positives and heavy oversold mean-reversion. What the recovery really prices in is the other side of the Meta fear: roughly $46 billion of contracted backlog with Microsoft and Meta, and Q1 revenue up 684% year over year. The market is deciding the derating overshot, even as the stock still sits about 25% below its late-June peak near $290.
NBIS Bounces 14.80% Off the $183 Washout as the Meta-Compute Selloff Overshoots
NBIS is back at $210.50 on the Hyperliquid perp, up 14.80% over nine hours after washing out near $183 — the low of the Meta-Compute derating that has hammered neocloud names since July 1. This is a mean-reversion bounce off oversold, not a re-rate: even after the snapback, Nebius sits roughly 30% below its late-June high near $299. The only fresh news is incremental — an AI Cloud 3.6 release and the earlier Physical AI Living Lab with NVIDIA — none of which explains a 15% move on its own. The overhang that caused the selloff is unchanged: Nebius's largest customer, Meta, is now building the exact cloud business that competes with it.
NBIS Round-Trips the $228 Bounce Back to $209 as the Meta-Compute Derating Resumes
NBIS is back at $208.60 on the Hyperliquid perp, down 9.78% over 24 hours and right back at the $207 washout low it bounced off three days ago. There is no fresh company headline; this is the July 3 relief bounce round-tripping in full as the neocloud selloff sparked by Meta's cloud ambitions rolls into its second week. The $230 reclaim that bulls needed to open a path back toward $250 never held, and the dip-buyers who faded the Meta-Compute story are now underwater. The overhang is unchanged: Nebius's roughly $27 billion Meta contract is only worth what it is as long as Meta stays a customer instead of turning into a competitor.
NBIS Rebounds to $228 as Dip Buyers Fade the Meta-Compute Selloff
NBIS is back near $228 on the Hyperliquid perp, up 9.12% over 23 hours and clawing back most of the second leg of the Meta-Compute selloff that dragged it to $209. There is no fresh company headline behind the move; it reads as an oversold bounce and short-covering after a two-day neocloud washout, with the selloff-overdone camp finally getting the reclaim it wanted. The fundamentals never cracked: Q1 revenue grew 684% to $399 million, the backlog still sits near $46 billion, and the balance sheet holds $9.3 billion in cash. What has not changed is the overhang, because Nebius's $27 billion Meta contract is only as valuable as Meta staying a customer rather than a competitor.
NBIS Falls to $209 as the Relief Bounce Fails and the Neocloud Derating Rolls On
The Hyperliquid NBIS perp has fallen to $209.10, down 12.65% over 24 hours and now trading below the July 1 washout that followed Meta's move into cloud compute. The relief bounce to $235 earlier in the day has completely unwound, printing a lower low and invalidating the bet that the Meta-Compute selloff had overshot. There is no fresh company headline behind the drop; it is continuation of a sector-wide neocloud repricing, with CoreWeave and IREN bleeding alongside it. The uncomfortable part is that Nebius's biggest asset, its roughly $27 billion Meta contract, is also the overhang, because its anchor customer now looks like a competitor.
NBIS Rebounds to $235 as Traders Bet the Meta Cloud Selloff Overshot
The HIP-3 NBIS perp is up 6.03% over six hours to $235.20, clawing back part of the roughly 17% collapse that hit it on July 1 when Bloomberg reported Meta is building a cloud business to resell its excess AI compute. There is no fresh company catalyst behind the bounce; it is a relief rebound in an oversold, heavily-crowded name. The bull case is that the selloff overshot — none of the terms of Nebius's roughly $27 billion Meta agreement actually changed, and the drop only reset price to late-May levels. What the bounce does not resolve is whether Meta Compute turns Nebius's biggest customer into a direct rival, a question the July 28 Q2 report will have to answer.
NBIS Falls to $239.50 as Meta's Neocloud Entry Meets a Stretched Valuation
The HIP-3 NBIS perp is down 16.91% over 23 hours to $239.50, extending the reversal that began when Bloomberg reported Meta is building a cloud business to resell its excess AI compute. That report drops Nebius's single largest customer directly into the neocloud lane, but the depth of the drop is a valuation story as much as a competitive one. NBIS had run more than 200% in 2026 to a $299.86 record at roughly 19.4x forward sales, with insiders net sellers into the move, leaving almost no cushion when the category re-rated. A sector-wide headline found the most crowded, richly-priced long in it.
NBIS Sheds 17% as Meta, Its Biggest Customer, Plans a Rival Cloud Business
The HIP-3 NBIS perp is down 17.42% over 23 hours to $239.90, unwinding this week's run at record highs after Bloomberg reported that Meta is building a cloud business to resell its excess AI compute. That drops Meta straight into the neocloud lane occupied by Nebius and CoreWeave, and it cuts deep because Meta is Nebius's anchor customer under a five-year deal worth up to $27 billion. A stock bid on scarce GPU capacity now has to price in its biggest buyer becoming a competitor. The move is steeper in the perp than in the underlying because it is also shaking out the crowded short-squeeze long that had pushed price toward $300 just a day earlier.
NBIS Grinds Toward $300 as Record Shorts Meet Nasdaq-100 Buying
The HIP-3 NBIS perp is up 7.25% over six hours to $278.70, extending the breakout in Nebius from a relief bounce into a run at all-time highs. There is no fresh company headline; the engine is mechanical. A near-record short base is being squeezed into forced index buying from the June 22 Nasdaq-100 inclusion, and the underlying just printed roughly 7% to $279.49, right under its $299.86 record. With price already well above the Street's average target near $200, this leg is flows and short covering doing the work, not a re-rate off cheap.
NBIS Tags Its $280 Analyst Target as the Neocloud Bounce Becomes a Breakout
The HIP-3 NBIS perp is up about 17% over 24 hours to $279, a second straight session of buying that turns last week's bounce off the AI-selloff lows into a breakout toward record highs. There is no fresh Nebius headline behind it. The move carries the highest-beta neocloud right onto Bank of America's $280 price target, with the all-time high at $299.86 just overhead and a roughly $47 billion contracted backlog from the Microsoft and Meta capacity deals underpinning the bull case. The catch is that price now trades far above the Street's average target near $200, so from here it is momentum doing the work, not a re-rate off cheap.
NBIS Bounces 7% as the Tape Turns Back to AI Infra
The HIP-3 NBIS perp is up 7.07% over 17 hours to $261, tracking a roughly 8% bounce in Nebius stock from a $234 intraday low back toward $261. There is no Nebius-specific headline behind it. The Nasdaq reopened up about 0.8% as money rotated back into last week's most beaten-down AI names following a US-Iran de-escalation, and NBIS — the highest-beta neocloud in the group, the one sold first and hardest in the selloff — bounces hardest now. This is the same tape that erased its Nasdaq-100 inclusion bounce five days ago, just running in reverse.
NBIS Erases Its Inclusion Bounce as the AI Selloff Hits Day Two
The HIP-3 NBIS perp is down 9.25% over six hours to $256.90, fully giving back the inclusion-day bounce that briefly carried it back to $281.30. There is no Nebius-specific headline behind it. This is the second straight day of a broad AI-bubble selloff, with the Nasdaq off 2.2% and the market suddenly demanding profits over promises from capital-intensive AI names. As a pure-play AI cloud builder mid-funding a $20-25 billion buildout, NBIS is about the highest-beta way to express that doubt, so it gets sold first and hardest when the mood flips.
Nebius Reclaims Most of Its Sell-the-News Flush
The HIP-3 NBIS perp is up 8.31% over 17 hours to $281.30, reclaiming most of the sell-the-news flush that took it to $261.70 right after Nebius's June 22 Nasdaq-100 debut. There is no fresh catalyst — this is the index-inclusion dip getting bought. The underlying round-tripped from a $299.86 inclusion-day high to a $255 intraday low before closing June 23 at $277.65, and none of the fundamentals that justify the name moved while the price did. The roughly $46 billion AI cloud backlog, the Nvidia partnership, and Leopold Aschenbrenner's $2.6 billion stake are all still in place; what unwound was positioning, not the business.
Nebius Sells the News on Its Nasdaq-100 Debut
The HIP-3 NBIS perp is down 11.54% over 16 hours to $261.70, round-tripping almost exactly from the highs it printed on inclusion day. The catalyst is a textbook sell-the-news: Nebius officially joined the Nasdaq-100 before the June 22 open after a 243% year-to-date run and a 34% pop from the June 11 announcement to the effective date. The twist that turned a soft debut into a real flush is Nasdaq's new float-sensitive weighting rule, which capped the passive index buying that normally cushions an inclusion. Nothing broke at the company — this was positioning unwinding into the most telegraphed catalyst on the calendar.
Nebius Perp Tracks Spot's After-Hours Pop, No Clean Single-Day Catalyst
The HIP-3 NBIS perp is up 11.44% over 24 hours to $227.80, but this isn't a thin-book mirage — the mark is sitting right on top of where Nebius shares traded after hours. Spot closed up about 5% on June 11 to $222.24 and ran another 2.7% post-close to $228.25, and the perp is pricing that move continuously while the cash market is shut. There's no clean single-day catalyst behind it. This is momentum continuation in an AI-infrastructure name that's been bid for two weeks behind a $2.6 billion Aschenbrenner stake, a fresh BofA target of $280, and a £1.7 billion UK buildout.
How to Trade NBIS (Nebius Group) on Hyperliquid
Nebius Group (NASDAQ: NBIS) is the Amsterdam-listed, formerly-Yandex AI infrastructure company building gigawatt-scale GPU clouds for customers like Microsoft and Meta. On Hyperliquid, the xyz:NBIS market is a HIP-3 builder-deployed perpetual that lets traders take leveraged, around-the-clock long or short exposure to one of the more volatile AI-compute equities, without a brokerage account or U.S. market hours. This guide covers what Nebius actually does, why the stock moves, and what to watch before trading the perp.
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