Nebius Group shares rise 5.03% intraday after securing $17.4B Microsoft AI infrastructure deal and receiving equal-weight rating from Morgan Stanley.

Nebius Group surged 5.03% intraday after Morgan Stanley initiated coverage with an equal-weight rating and $126 price target, signaling a 23.55% potential upside. The move followed the company securing a $17.4 billion multi-year AI infrastructure deal with Microsoft, validating its full-stack platform and expansion plans. Analysts highlighted Nebius’s strategic positioning in the AI sector, with Citigroup and Northland also raising price targets to $143–$211, citing strong demand for GPU capacity and execution on the Microsoft contract. The stock’s rally aligned with crossing above its 5-day SMA, reflecting heightened investor confidence in its growth trajectory amid aggressive infrastructure scaling and revenue projections.