NBIS
The index-fund candy store opens
Nebius is having one of those days where the market basically says, “Oh, you’re in the club now.” The AI cloud company is set to join the Nasdaq-100 when the index reshuffle takes effect before Monday’s open, and that’s often enough to send a stock flying as index funds scramble to buy in.
Why traders care
Being added to a mega-watched index like the Nasdaq-100 can mean real demand from passive funds, more eyeballs, and a fresh burst of legitimacy. Translation: this isn’t just a vibe shift. It can also turn into actual buying pressure, which is why NBIS was up 3.10% to $289.62 in Thursday trading.
The other caffeine shot
Nebius also got a boost from completing its acquisition of Eigen AI on June 10 after clearing regulatory approvals. That deal adds more muscle to Nebius’s AI cloud story, which is already running hot enough without the index inclusion headline.
Big picture
The stock is already trading way above its longer-term trend lines, so the market is clearly betting Nebius has more runway. The only question now is whether all this momentum turns into a clean breakout—or just a very dramatic lap around the 52-week high.