Nebius Group shares soared to record highs after announcing a $19.4 billion agreement with Microsoft. Under this deal, Nebius will provide computing resources from its New Jersey data centers to support Microsoft Azure’s AI workload demands. CEO Arkady Volozh highlighted that this marks Nebius’s first long-term contract with a major tech firm, hinting at future agreements.
Following the announcement, Nebius’s stock rose by 37% to $88, peaking near $98 during trading. The stock has more than tripled since its launch in 2025.
The article analyzes Nebius’s stock using technical analysis, identifying key support levels at $87, $76, and $54. Investors should watch for possible price targets following its recent surge, suggesting a bullish target of $176.40 based on chart pattern analysis. The analysis also highlights a pennant pattern indicating bullish potential, contributing to the overall positive outlook for Nebius shares.
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