Nebius Group N.V. (NASDAQ:NBIS) shares are trending Friday after Nasdaq announced its quarterly index reconstitution — with Nebius set to join the Nasdaq-100 effective before the market opens June 22.
- Nebius stock is among today’s top performers. Why is NBIS stock surging?
The Index Inclusion
Nasdaq’s quarterly reconstitution will add Nebius to the Nasdaq-100 alongside Astera Labs, CoreWeave, Rocket Lab and Teradyne. Exiting the index are Charter Communications, Cognizant, Insmed, Verisk Analytics and Zscaler. The changes take effect before market open on June 22. The Nasdaq-100 is tied to more than 200 products with over $800 billion under management worldwide — meaning every passive fund and ETF tracking the index will be required to purchase Nebius shares ahead of that date, generating sustained buying pressure in the days leading up to the effective date. Shares surged 12.9% in after-hours trading Thursday when the news broke, and are extending those gains Friday.
The Business
The inclusion reflects Nebius’ remarkable transformation into one of the fastest-growing AI cloud companies in the world. The Amsterdam-based company posted Q1 2026 revenue of $399 million — a 684% year-over-year increase from $50.9 million a year earlier. Adjusted EBITDA swung to $129.5 million from a loss of $53.7 million. Nebius is backed by Nvidia and has secured long-term infrastructure agreements with Microsoft and Meta. It recently announced a £1.7 billion investment to deploy Nvidia infrastructure in the UK, a Physical AI Living Lab partnership with Nvidia for robotics startups, and a 1.2 GW AI factory in Pennsylvania. The stock is up more than 160% year to date.
Nebius Shares Advance
NBIS Price Action: At the time of publication, Nebius shares are trading 3.11% higher at $229.15, according to data from Benzinga Pro.
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