NBIS
NVDA
The AI supply chain is still the hottest club in town
Nebius woke up with a caffeine shot Thursday, rising more than 6% in premarket trading after NVIDIA’s earnings call gave investors a shiny new reason to care. The headline: NVIDIA said volume shipments of its Groq 3 LPX hardware should begin later this quarter, and Nebius is expected to be the first customer.
That matters because in AI, being first in line can look a lot like winning the lottery. If you’re building infrastructure for the AI boom, getting access to the latest hardware before everyone else is a nice flex — and the market clearly treated it like one.
Why traders cared
A few things were working in Nebius’ favor here:
- NVIDIA’s blowout quarter kept the AI trade humming, with revenue of $96.22 billion and adjusted EPS of $2.22, both ahead of Wall Street.
- The “first customer” label makes Nebius look like a real player in the AI infrastructure arms race, not just another name riding the hype wave.
- Even the ETF crowd joined the party: the Leverage Shares 2X Long NBIS Daily ETF has more than 111% exposure to Nebius, so flows there can add extra gasoline to the stock move.
Zooming out
Nebius is still trading like a momentum stock, which is great until the music stops. The article noted the shares were well above key moving averages, with analysts still mostly bullish and a consensus price target near $248.83.
Big picture: in AI, the company with the best hardware, the fastest rollout, or the earliest customer can get rewarded like it just discovered fire. Today, Nebius got a little of all three vibes.