Nebius Group (NASDAQ: NBIS) shares rallied sharply on November 11, 2026, ahead of the company’s third-quarter earnings release scheduled for November 12.

The recovery followed stronger-than-expected results from CoreWeave, which reported third-quarter revenue of $3.66 bn, up 168%, and a revenue backlog of approximately $132.5 bn.

• Nebius shares rebounded 12-15% in November 11 premarket trading, reaching approximately $150-154 after closing at $134 on November 10. Strong earnings from CoreWeave helped restore confidence in AI infrastructure stocks.
• Wall Street expects Q3 revenue of approximately $907 mn, up 521% year over year. However, analysts anticipate a quarterly loss of roughly $0.60-0.70 per share as…