Nebius Shares Climb 1.37% on $2.04B Volume Ranking 35th in Activity as AI Infrastructure Expansion and Microsoft Deal Drive Growth

Nebius Group (NASDAQ: NBIS) closed 1.37% higher on Sept. 12, 2025, with a trading volume of $2.04 billion, ranking 35th in market activity. The stock's performance follows strong second-quarter results showing 625% year-over-year revenue growth to $105 million, driven by surging demand for its AI infrastructure solutions. The company reported positive adjusted EBITDA ahead of schedule, with management raising 2025 annualized revenue guidance to $900 million–$1.1 billion.

The company is accelerating infrastructure expansion, securing over 1 gigawatt of power capacity by 2026 and increasing property and equipment investments to $1.8 billion. A $17.4 billion multiyear contract with Microsoft was announced post-quarter, further solidifying its position in the AI infrastructure market. Despite a 40.65% decline in daily trading volume compared to the prior day, the stock remains at a discount to pure-play AI leaders, reflecting growth potential amid the sector's expansion.

Recent strategic moves include aggressive debt financing of nearly $1 billion to fund capital expenditures. While the company posted a $91.5 million adjusted net loss in Q2 on a GAAP basis, its core business demonstrates operational scalability. Analysts highlight the risk-reward profile, emphasizing Nebius' role as a "picks-and-shovels" provider in the AI gold rush, with infrastructure positioned as essential regardless of dominant AI models.

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