Nebius Stock Surges as Microsoft's Cloud Beat Lifts Neocloud Sentiment

Nebius Group N.V. (NASDAQ:NBIS) shares are trading higher Thursday, potentially benefiting from renewed optimism in the cloud infrastructure sector after Microsoft reported strong cloud revenue growth in its latest earnings report.

• Nebius Group stock is showing exceptional strength. Why is NBIS stock surging?

Microsoft’s Cloud Beat

Microsoft reported fiscal fourth-quarter revenue of $90.01 billion, up 18% year-over-year and above the $87.62 billion consensus estimate. Microsoft Cloud revenue rose 27% to $59.3 billion, while Azure and other cloud services revenue increased 43% — an acceleration from 40% growth in the prior quarter.

Azure’s annual revenue surpassed $100 billion for the first time in fiscal year 2026, up 41% year-over-year. Microsoft shares rose as much as 8% in after-hours trading following the report.

Why It Matters for Nebius

Nebius operates as a “neocloud,” offering GPU-based AI compute capacity to enterprises and AI-native companies — positioning it as a smaller peer to hyperscale cloud providers like Microsoft’s Azure. Microsoft’s accelerating cloud growth suggests demand for AI infrastructure remains strong, a dynamic that could extend to smaller providers like Nebius as customers continue seeking out compute capacity across the broader cloud ecosystem.

Nebius Shares Race Higher

NBIS Price Action: At the time of publication, Nebius shares are trading 9.57% higher at $162.41, according to data from Benzinga Pro.

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