Nebius (NBIS) shares surged nearly 50% after announcing a $19.4 billion cloud-computing deal with Microsoft (MSFT). Nebius will provide AI infrastructure from its new data center in New Jersey. The stock has seen significant growth, trading 395% above its low in April. The deal with Microsoft boosts visibility and revenue certainty for Nebius. Analysts believe it will drive top-line growth but consider the stock expensive at current levels. Investors are advised to wait for a pullback before buying. Despite a “Strong Buy” rating, the mean target suggests a potential downside of nearly 20%.

Read more at Yahoo Finance: Is Nebius Stock a Buy, Sell, or Hold on the Microsoft AI Deal?