Nebius Group NV (NASDAQ:NBIS) stock -- and 2025 Top Pick -- is quietly one of the best on the Nasdaq today, last seen up 21% to trade at $66.80. The Dutch-based artificial intelligence (AI) infrastructure company reported second-quarter earnings and revenue that dramatically exceeded estimates, the latter up 625% year-over-year. DA Davidson responded with a price-target hike to $65 from $55.
This is poised to be NBIS' best single-session gain ever. The shares earlier hit a four-year high of $70.54, and are now 141% higher in 2025. Prior to today's vault higher, the stock had support in place at its 40-day moving average.
There's some short squeeze potential still. Short interest increased in the most recent reporting period, and the 13.76 million shares sold short accounts for 7.1% of NBIS' total available float.
Call traders are loading up. At last check, over 208,000 contracts have changed hands, volume that's seven times the average intraday amount. The August 71-strike call is the most popular, indicating options traders see NBIS reclaiming that key level by the end of the month.
