Truist Securities Initiates Coverage On Nebius Group with Buy Rating, Announces Price Target of $355
Truist Securities analyst Arvind Ramnani initiates coverage on Nebius Group (NASDAQ:NBIS) with a Buy rating and announces Price Target of $355.
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Michael Burry exited his Nvidia and PLTR stock December 2026 puts, while trimming most other positions in an effort to reduce risk.
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Truist Securities analyst Arvind Ramnani initiates coverage on Nebius Group (NASDAQ:NBIS) with a Buy rating and announces Price Target of $355.
Nebius says customers paid 15%–20% more for Nvidia Blackwell AI compute through an auction as demand continued to outstrip supply.
CoreWeave shares gained 12% today despite no company-specific news, benefiting from a broader rally in the AI infrastructure sector. The gains were driven by Nebius's partnership announcement with Palantir, Department of Commerce investments in quantum computing companies, and Intel's processor price increase announcement. CoreWeave remains a volatile, high-risk stock with rapid revenue growth but massive losses due to heavy capital expenditures and debt servicing.
Retail investors can gain exposure to Anthropic before the IPO through other publicly traded companies like Amazon, Salesforce and more.
SpaceX has encountered reliability issues while rapidly expanding its AI data center infrastructure, with some facilities operating without backup power and cooling systems for months. The company faces a September 30 deadline to deliver 110,000 Nvidia GPUs to Google under a $920 million/month contract. To address these challenges, SpaceX is reshuffling its data center leadership team with executives from its rocket and Starlink divisions, delaying new projects, and building an in-house turbine blade manufacturing facility to accelerate deployment timelines.
Dell Technologies and Hewlett Packard Enterprise both delivered record quarterly results driven by explosive AI-server demand. Dell posted 58% revenue growth with AI-optimized server revenue doubling, while HPE achieved 34% revenue growth with strong server and networking gains. Both companies raised full-year guidance significantly. Dell gets a slight edge as the better buy due to its larger AI-server position and stronger growth, though HPE offers better valuation metrics for value-oriented investors.