Nebius Group shares have surged to $259.20, up 210% year to date, after the AI cloud company posted 454% revenue growth to $582 million in Q2 and a $37 billion contracted backlog anchored by Meta and Microsoft. The stock now trades above the analyst consensus target of $250.75, and the $222 50-day moving average is seen as a smarter entry point. Three customers control 59% of revenue, while a $190 million GAAP net loss and $8 billion in first-half capex highlight execution risk.
