BofA Securities reinstated a buy rating on CoreWeave with a $100 price target and initiated coverage on Nebius with a $150 price target, citing strong demand in the $79 billion AI infrastructure market. The market faces a supply-demand imbalance expected to last until at least 2029, driven by Big Tech's rapid AI development. These companies, known as neoclouds, are capitalizing on the opportunity by providing essential AI infrastructure services amid ongoing data center expansions by major tech firms.
Nebius Group (NBIS) is rated a strong buy with a price target of $333 by 2028, reflecting 72% potential upside. Despite facing macroeconomic headwinds, high interest rates, and competition from Meta's excess compute capacity, NBIS benefits from robus...
Nebius Group N.V. is enhancing its AI-native cloud platform with Cloud 3.6, featuring the AI DevOps agent Echo and improved SkyPilot integration to streamline AI workload deployment. The company aims to attract enterprise clients by focusing on gover...
Dick's Sporting Goods reported mixed first-quarter results with earnings of $2.90 per share, slightly missing estimates, but sales of $5.165 billion beat expectations. Clorox named Chris Hyder as COO and offers a 5% dividend yield. Nebius Group is ex...
Nebius is expanding its infrastructure by 65MW across three UK sites by fiscal year 2027, expecting to generate $546 million in additional revenue. The company benefits from growing enterprise demand for cost-effective open-source AI models, leveragi...
