Why Is Nebius Stock Surging on Friday?

Nebius Group N.V. (NASDAQ:NBIS) stock is trading higher on Friday. The move builds on gains from Thursday’s session and comes alongside broader strength across the market. Nasdaq futures are up 0.58% while S&P 500 futures have gained 0.31%. Read Also: Elizabeth Warren Says Walmart Patent Could Jack Up Mayo Price the Second Tuna Hits Your Cart: Patented Tech Makes 'Surveillance Pricing' Possible What Sparked the Move The rally traces back to Thursday, when Nebius stock rose as much as 9% after BNP Paribas upgraded the stock to Outperform from Neutral. The firm also raised its price forecast to $399 from $260. BNP Paribas said its outlook for Nebius has "meaningfully improved" since it initiated coverage in June. Nebius could approach $22 billion in annual recurring revenue by 2027 end and the company’s 2027 guidance could "materially reset" estimates further, the analyst writes. That upgrade landed around the same time as reports that Nebius plans to raise prices again on its GPU cloud services. A GPU, or graphics processing unit, is the specialized hardware that powers most AI computing today, and rising prices for it usually point to demand outpacing supply. The Price Hike Behind The Headlines Adding to the momentum, reports indicate Nebius plans to raise GPU cloud prices by roughly 20% starting Oct. 1. The increase would span several NVIDIA Corp. (NASDAQ:NVDA) GPU models, including the H100, H200, B200 and B300. Under the reported changes, the H100 rate would climb to $4.50 from $3.85, and the H200 rate would move to $5.40 from $4.50. Technical Analysis From a trend perspective, NBIS is still in a firmly bullish structure: the stock is trading 12.2% above its 20-day SMA ($221.05), 15.7% above its 50-day SMA ($214.26), and 51.7% above its 200-day SMA ($163.42). That kind of separation typically signals strong demand, but it also means the chart can be more sensitive to sharp, fast pullbacks if momentum cools. The moving-average stack remains constructive, with the 20-day SMA above the 50-day SMA and the 50-day SMA above the 200-day SMA—classic ""trend-up"" alignment. In practice, that setup often turns the 20-day/50-day area into a buy-the-dip zone until price starts closing back inside those averages. Key turning points help frame the current setup: the stock tagged its 52-week high in June, carved a swing low in July, and then pushed to a fresh swing high in August after breaking above resistance that same month. With price now sitting below the $299.86 52-week high but well above longer-term averages, the chart looks like a continuation attempt rather than a reset—so long as pullbacks stay orderly. Key Resistance: $254.50 — a nearby pivot area where upside attempts can stall, especially with price already extended above short- and intermediate-term moving averages Key Support: $204 — a prior buyer-defense zone that also sits closer to the stock’s key moving-average "catch" area if the trend cools NBIS Stock Price Activity: Nebius Group shares were up 2.22% at $248.88 during premarket trading on Friday, according to Benzinga Pro data. Read Also: Xi Jinping Says US and China Must Keep AI ‘Under Human Control’ as Trump Talks ‘Super Intelligence’ Image via Shutterstock