NBIS Hits Record High on Nasdaq-100 Inclusion, June 18

By Danny Kontos

June 18, 2026

11:51 PM

3 min read

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Key Points

NBIS hit record high of $280.85 on June 17, up 6% in one day.

Q1 2026 revenue grew 684% YoY to $399 million with positive EBITDA.

Microsoft and Meta signed $17 billion and $24 billion deals respectively.

Stock joins Nasdaq-100 on June 22, triggering index fund buying.

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Nebius Group N.V. (NBIS) shares hit a record high of $280.85 on June 17, gaining 6% as the company prepares to join the Nasdaq-100 on June 22. The stock has surged 21% since the index inclusion announcement last Friday. Strong Q1 earnings, major customer contracts with Microsoft and Meta, and a 5.6% stake purchase by hedge fund Situational Awareness have fueled investor confidence in the AI infrastructure provider.

Record Earnings Drive Investor Appetite

Nebius posted Q1 2026 revenue of $399 million, up 684% year-over-year, with core AI Cloud revenue reaching $389.7 million, up 841% YoY. Annualized run-rate revenue hit $1.92 billion, and adjusted EBITDA turned positive at $129.5 million. Analysts expect revenue to rise nearly sevenfold in 2026, with strong growth continuing in subsequent years.

Major Contracts Cement AI Infrastructure Position

Microsoft signed a multiyear $17 billion revenue agreement with Nebius in September 2025. In March 2026, the company announced a $24 billion deal with Meta Platforms. Last week, Nebius announced plans for three UK data centers with a total outlay of 1.7 billion pounds ($2.3 billion), plus a 310-megawatt data center in Finland valued at over $10 billion and a 240-megawatt facility in France.

Nasdaq-100 Inclusion Triggers Index Buying

NBIS will join the Nasdaq-100 on June 22, joining CoreWeave, Astera Labs, Rocket Lab USA, and Teradyne. Stocks typically rally following index inclusion because funds and ETFs tracking the benchmark are required to purchase newly added shares. NBIS gained 6% on June 17 and added another 3.8% in overnight trading, on track for its best weekly performance since mid-May.

Institutional Conviction Builds

Hedge fund Situational Awareness, led by former OpenAI researcher Leopold Aschenbrenner, disclosed a 5.6% stake in Nebius on May 27, 2026, purchasing 12.4 million shares. The company also completed its $643 million acquisition of Eigen AI on June 10, 2026, strengthening its Token Factory inference platform. Trading volume on June 17 was 4.4 million shares, well below the 90-day average of 16.9 million, suggesting conviction buying rather than speculative trading.

Final Thoughts

NBIS is trading at record highs on the back of exceptional earnings growth, major hyperscaler contracts, and Nasdaq-100 inclusion. The combination of 684% revenue growth and institutional backing suggests sustained upside momentum in the near term.

FAQs

Why did NBIS stock jump to a record high?

NBIS gained 6% to $280.85 on June 17 due to Nasdaq-100 inclusion, strong Q1 earnings with 684% revenue growth, and a 5.6% stake purchase by hedge fund Situational Awareness.

What are Nebius’ major revenue sources?

Microsoft and Meta are primary clients. Microsoft committed $17 billion multiyear; Meta committed $24 billion. Q1 2026 AI Cloud revenue reached $389.7 million.

When does NBIS join the Nasdaq-100?

NBIS joins the Nasdaq-100 on June 22, 2026. Index inclusion typically triggers buying from funds and ETFs tracking the benchmark.

Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.

About Author

Danny Kontos

Co Founder

Danny Kontos has been a stock investor since 2007 and co-founded Meyka in 2023. He keeps a small, focused portfolio and only moves when the numbers are hard to argue with. He has waited years on a single position before. Before Meyka, he ran a web hosting company and a mortgage lending platform, so he knows what a well-run business actually looks like under the hood. This article did not come from a news cycle. It came from someone who has been watching this space for a long time.