Nebius (NBIS) Stock Hits Record High on Eigen AI Acquisition and Meta Partnership

Nebius Group's NBIS stock surged nearly 9% to a 52-week high of $179.96 following two major developments. The AI infrastructure company announced a $643 million acquisition of Eigen AI to enhance its Token Factory platform's model-optimization capabilities, while securing a landmark $27 billion contract with Meta.

The Meta deal propels Nebius' total contracted backlog to nearly $50 billion, combining existing agreements with Microsoft and other tech giants. Analysts view the Eigen AI acquisition as a strategic move to improve margins and capture more production AI workloads.

Goldman Sachs raised its price target post-announcement, with consensus analyst ratings maintaining a 'Moderate Buy' recommendation. Market attention now turns to Q1 2026 earnings due May 13, where annual recurring revenue and Eigen integration progress will serve as key performance indicators.