Nebius Group's rollercoaster month: From record highs to a 13% crash in February 2026
Nebius Group's nvidia stock saw sharp swings in February 2026, climbing to a high before a steep decline. The share price jumped from 84.10 EUR on February 12 to a peak of 104.40 EUR on February 18, only to drop to between 77 and 91 EUR by month's end. Investors initially reacted positively to the company's latest earnings report and 2026 outlook, but concerns soon weighed on the stock market.
The early February rally followed Nebius Group's Q4 2025 results and guidance for 2026. The company reaffirmed sales targets of $3-3.4 billion, annual recurring revenue (ARR) of $7-9 billion, and capital expenditure of $16-20 billion. Analysts responded with buy ratings, setting an average price target of $143.22 USD.
However, sentiment shifted after the Q4 earnings revealed weaker-than-expected figures. Revenue came in at $227.7 million, missing the $246 million forecast, while earnings per share (EPS) of -$0.69 fell short of the estimated -$0.42. Capital spending of around $2.06 billion also raised concerns about cash burn.
The selloff deepened on Friday when Nebius Group's stock plunged 13.1%, hitting a low of $88.40 before closing at $91.19. The decline was worsened by CoreWeave's (CRWV) disappointing earnings, which dragged down the broader neocloud sector. Negative analyst sentiment since mid-January, a high valuation (P/E of 208), and ongoing market volatility added further pressure.
Nebius Group's stock now trades well below its February peak. The company faces scrutiny over its spending, earnings shortfall, and sector-wide challenges. Analysts still hold an average 'Moderate Buy' rating, but investor confidence remains shaky.
