Shares in Nebius Group (NASDAQ: NBIS), the Amsterdam based AI infrastructure company, gained around 4.2 percent in a single session as the market assessed its Q1 2026 earnings release and continued momentum across the company’s growing contract backlog.

The stock had entered the earnings day having already surged roughly 87 percent year to date, establishing itself as one of the top performing names on the Nasdaq amid sustained investor appetite for AI infrastructure plays.

Analysts had forecast a loss of $0.81 per share for the quarter on revenue of approximately $375 million, representing a substantial sequential jump from the $227.7 million reported in Q4 2025, a quarter in which the company missed earnings…