Nebius Stock Surges as Truist Reaffirms $355 Target After AI Selloff

Nebius Group (NASDAQ: NBIS) shares rebounded 7.30% to $177.54 in premarket trading Monday, recovering some of Friday’s sharp losses after Truist Securities reaffirmed its Buy rating and $355 price target. The stock had closed that session at $165.47, down 12.18%, amid broader selling in AI infrastructure companies as investors weighed borrowing costs and the funding required for data center expansion. Nebius also announced a $10 million European AI developer-support initiative Monday, adding a separate company-specific development alongside Truist’s reiterated rating.

Source: The Crypto Basic