NBIS stock: Nebius fell 48% this summer, and the graded accounts never turned bearish
By Maya Koeva · August 13, 2026 · 7 min read · Updated October 30, 2026
| What it does | Rents out GPU computing for AI through its own cloud, a neocloud |
|---|---|
| Ticker | NBIS, on the Nasdaq |
| NBIS close | $171.99 on October 29, 2026 |
| 52-week range | $73.52 to $299.86 (intraday, October 30, 2025 to October 29, 2026) |
| Q2 2026 | Revenue $582.3 million, up 454% from a year earlier |
| Next earnings | Q3 2026, Thursday November 12, before the open; call at 8:00 a.m. ET |
| 7-day score | 75 on the morning of October 30, 2026 |
Nebius closed at $286.69 on June 18 and at $148.22 on July 29. Through all six weeks, the accounts we track with a graded record stayed bullish on it by close to 8-to-1, and on August 12 the stock closed at $259.20.
October brought a second slide, 39% from October 6 to October 26. The graded accounts read it the same way: 206 bullish calls against 19 in the month to October 29.
NBIS stock price
| Date | NBIS close | Move |
|---|---|---|
| June 18 | $286.69 | record close |
| July 29 | $148.22 | 48% in six weeks |
| August 12 | $259.20 | 75% off the low |
| October 6 | $249.87 | |
| October 26 | $153.27 | 39% in three weeks |
| October 29 | $171.99 | 12% off the low |
Over one month, from September 29 to October 29, NBIS fell 28%.
Not one day of it
Between June 18 and July 29, the accounts we track produced 1,007 Nebius mentions, 723 bullish against 125 bearish. 376 of them came from accounts whose past calls we have graded and found to hold up, and inside that group the split was 287 bullish to 37 bearish, close to 8-to-1.
Bearish calls did not outnumber bullish ones on a single day of it. That held through the two worst sessions, July 1 and July 24, when the stock fell 17% and 15%. The narrowest day was 9 bullish to 5 bearish, on June 26.
Fifteen names in our coverage fell more than 25% between June 18 and July 29 on at least 100 mentions. Nebius had the widest graded split of the lot. At the other end, one name's graded accounts ran better than 5-to-1 bearish into its own decline: two charts that looked alike, read in opposite directions. Of the ten with prices through August 12, Nebius bounced the most off the July 29 low, 75% against 38% for the next best.
Then the quarter landed. On August 12 Nebius reported Q2 revenue up 454% to $582.3 million, four large compute deals including one with Reflection AI worth more than $1 billion through 2029, and year-end contracted power guidance raised to 5 gigawatts from about 4. The stock rose 34% that day.
Who was making the calls
These six graded accounts covered Nebius most often through the summer drawdown. Between them: 216 bullish calls and 5 bearish.
| Account | Mentions | Bullish | Bearish |
|---|---|---|---|
 @Sandeman52 | 55 | 42 | 3 |
 @PhotonBull | 50 | 45 | 1 |
 @babyfolio | 48 | 41 | 0 |
 @daniel_koss | 42 | 40 | 0 |
 @CKCapitalxx | 31 | 26 | 1 |
 @ren_stocks | 23 | 22 | 0 |
Four of the six made no bearish call on Nebius while the stock halved. The crowd as a whole ran close to 6-to-1 bullish; the graded accounts ran close to 8-to-1. The conviction sat with the part of the room that had earned it, and Quantral's credibility weighting exists to find that gap.
Where NBIS stands now
Investors sold the neocloud stocks as a group over worries about CoreWeave's debt, and Nebius lost 10% on October 14 and 12% on October 16, its two worst sessions, according to TIKR and 24/7 Wall St. On October 22, Nebius announced a $3.5 billion senior secured facility from Citi. For the same slide in IREN, see IREN stock.
From September 30 to October 29, the accounts we track posted 697 Nebius mentions, 557 bullish and 106 bearish. 230 came from graded accounts (how a track record is graded), and those split 206 to 19, close to 11-to-1. Everyone else ran about 4-to-1. Through the slide itself, October 7 to 26, the graded accounts posted 153 bullish calls and 17 bearish.
As in the summer, bearish calls never outnumbered bullish ones on a single day. The closest was October 14, 17 bullish to 14 bearish, the day of the first 10% drop.
X carried the graded volume: 228 of the 230 graded mentions, and 571 of all 697 from 57 X accounts. r/wallstreetbets added 122 from 100 posters, a more mixed 72 bullish to 33 bearish.
| Account | Graded calls, all stocks | NBIS bull : bear, Sep 30 to Oct 29 |
|---|---|---|
| @ren_stocks | 425 | 64 : 4 |
| @babyfolio | 234 | 39 : 0 |
| @daniel_koss | 303 | 31 : 1 |
| @CKCapitalxx | 710 | 19 : 2 |
 @DeepValueBagger | 159 | 11 : 4 |
 @mkfilko | 401 | 10 : 0 |
Five of the six rank in our top 20 by track record, and four of them also lead the summer table (more on @CKCapitalxx). Nebius's 7-day score on the morning of October 30 is 75, and the last seven days ran 161 bullish calls to 38. Those numbers describe what these accounts say today; Quantral makes no forecast. October has not resolved the way July did, so treat it as an open read.
Nebius earnings date: what to watch on November 12
Nebius reports third-quarter 2026 results on Thursday, November 12, before the market opens, with a call at 8:00 a.m. ET. Three things to watch:
- Revenue against the Q2 base of $582.3 million.
- Contracted power. In August management raised its year-end target to 5 gigawatts.
- Funding. After $5.75 billion of convertible notes in August and the Citi facility in October, how Nebius pays for the build-out.
For where Nebius sits against the other GPU clouds, servers and power names, see our AI infrastructure stocks list, and for what those layers are, what is AI infrastructure.
Common questions
What is the NBIS stock price?
NBIS closed at $171.99 on October 29, 2026. Its 52-week range runs from $73.52 to $299.86. For a current quote, check your broker or the Quantral app.
What does Nebius do?
Nebius Group rents out GPU computing to AI companies through its own AI cloud and sells the software that runs on top. That makes it a neocloud, alongside names like CoreWeave.
When is the Nebius earnings date?
Nebius reports Q3 2026 results on Thursday, November 12, 2026, before the market opens, with a conference call at 8:00 a.m. ET.
Why did NBIS stock fall in October?
It fell with the rest of the neocloud group. Its worst days, October 14 and 16, came as worries about CoreWeave's debt spread across the GPU cloud stocks. Nebius closed at $153.27 on October 26, 39% under its October 6 close.
Is NBIS stock a good buy?
We don't give buy or sell advice. The graded accounts we track were bullish on Nebius about 8-to-1 through the June-July slide and about 11-to-1 in October, and Quantral grades every call it tracks, losers included.
Try it
See the live reading on Nebius in Quantral before November 12, with every call behind it and the record of the account that made it. Quantral is an investment ideas app built on alternative data, on the web at app.quantral.com, on iOS and on Android, with a 7-day free trial on the yearly plan.
Prices are daily closes through October 29, 2026; the 52-week range uses intraday lows and highs from October 30, 2025. Mention counts and splits cover the accounts Quantral tracks. Summer figures cover June 18 to August 12 in rolling 24-hour windows and count accounts with a credibility score above 0.5; October figures cover September 30 to October 29 by US Eastern day and count accounts with at least ten graded calls and a credibility score above 0.5; "the last seven days" is October 23 to 29. "Graded calls, all stocks" is each account's graded call count across every stock. The 7-day score is the reading on the morning of October 30, not a historical value. Company news is from the releases and reports linked in the text. Positions attributed to accounts are their views, not Quantral's.
Quantral surfaces signals and context from public sources to support your own research. Nothing here is financial advice or a recommendation to buy or sell. Past signals are not indicative of future results.