Nebius Group (NASDAQ:NBIS) is attempting to singlehandedly prop up the AI sector today, last seen up 12% to trade at $109.35. The Dutch-based cloud company secured a $2 billion investment from Nvidia (NVDA) to help support 5 gigawatts of data center capacity by 2030.
NBIS is now up 32% in 2026, with dual-pronged support at $80 and its 200-day moving average, and a short-term ceiling at $110. The shares are eyeing their highest close since Nov. 11, when the company nabbed a massive deal with Meta Platforms (META). In the last 12 months, Nebius is now up 336%.
A short squeeze could power the stock back toward its Oct. 10 record high of $141.10. Short interest is up 6.1% in the last month, and the 39.67 million shares sold short account for 18.8% of NBIS' total available float.
Options are heating up in response. In just the first half hour of trading, 57,000 calls have changed hands, volume that's four times the average intraday amount and more than triple the number of puts exchanged. The weekly 3/13 110-strike call is the most popular, while the 115-strike call from the same series is also seeing new positions bought to open.
