Shares in Nebius (NBIS) have jumped by about 32% over the past five days following the Amsterdam-based AI cloud company’s better-than-expected Q1 2026 earnings released on Wednesday. TipRanks’ Ownership tool indicates that public companies and individual investors, who constitute the overwhelming majority of owners of the company’s shares, stand to benefit the most.
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Forget margin or options. Here's how the pros trade NBISNebius Stock Surges on Q1 Earnings Beat
At the end of the three-month period ending March 31, Nebius’ revenue hit $399 million, up 684% from a year ago and beating analysts’ estimate of $375.1 million. Its adjusted net loss widened year-over-year from $83.6 million to $100.3 million but was far better than Wall Street’s forecast of $174 million.
The rapid expansion of its AI cloud business helped to fuel the revenue growth. The company also raised its 2026 power target from 3 gigawatts to 4 gigawatts and pulled back the curtain on a new data center in Pennsylvania with 1.2 gigawatts of contracted power capacity.
Other Beneficiaries of Nebius’ Stock Rally
About half of the gains seen over the past five days followed the release of the latest earnings report on May 13. The rally is also being triggered by the flurry of NBIS price target boosts on Wall Street following the earnings.
Outside public companies and individual investors, the next category of investors with the biggest stake in Nebius is institutional investors, as the image below shows. They are led by asset manager BlackRock (BLK) through its iShares exchange-traded fund (ETF) issuer brand, which holds a 3.53% stake in Nebius, and investor and hedge fund manager David Gerald Greenspan, with 1.80%.
The next bigger owners are ETFs, led by the iShares Core MSCI EAFE ETF (IEFA) and the iShares MSCI EAFE ETF (EFA). Both funds seek to provide investors access to the international equity markets, particularly those outside of North America.
Is Nebius Group a Good Stock to Buy?
On Wall Street, analysts continue to consider Nebius’ shares a Strong Buy based on their consensus rating. This is based on nine Buys and two Holds issued over the past three months.
However, the average NBIS price target of $200.50 suggests about 11% downside risk from current trading levels.
