Roman Chernin, one of the co-founders of Amsterdam-based data center operator Nebius (NBIS), struck an upbeat tone on Friday, telling Reuters: “We’re very bullish” on demand for AI infrastructure. Yet NBIS stock fell over 3% on Wednesday afternoon.
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Chernin highlights that since AI adoption among businesses is still in its early stages, the demand for capacity to support AI workloads remains very high and could potentially increase by 10 to 100 times. This rising demand comes despite AI models continuing to be rapidly developed and improved.
The co-founder noted that the company — which has emerged as a rival to New Jersey-based CoreWeave (CRWV) and Sydney-based IREN Limited (IREN) — continues to work to expand its client base. In early November, Nebius entered a $3 billion deal with Meta (META), adding to its earlier $17.4 billion arrangement with Microsoft (MSFT).
Analysts Bullish on Nebius Heading into 2026
Since January, Nebius’ shares have soared over 242%, fueled by bullish views of its positioning to supply critical AI cloud capacity to hyperscalers such as Microsoft and Meta. However, its stock has suffered volatility in recent days following its Q3 2025 results.
Rivals CoreWeave and IREN have met a similar fate. Investors appear to have ignored the 355% year-over-year jump in the data center operator’s revenue and instead focused on its inability to turn a profit yet. Nebius posted a net loss of $100.4 million for the quarter.
Heading into 2026, Wall Street analysts remain bullish on Nebius. Several analysts have contended that the company is strongly positioned to benefit from rising demand for AI-optimized cloud capacity, premium pricing, and additional major contracts.
Is NBIS Stock a Good Investment?
Across Wall Street, Nebius’ shares continue to enjoy a Strong Buy consensus rating from analysts based on five Buys and one Hold issued over the past three months.
Moreover, the average NBIS price target of $164.20 implies over 71% growth potential from the current trading levels.
