NBIS is up over 437% in the last 12 months
Nebius Group NV (NASDAQ:NBIS) is in the thick of today's tech rally, up 16.5% ahead of opening. The data center maven reported first-quarter revenue of $399 million that soared past estimates, while capital expenditure (capex) came in $2.5 billion above expectations. Nebius also announced it had secured 1.2 gigawatts of power and land for a data center in Pennsylvania.
Nebius stock -- a Schaeffer's top pick for 2026 -- is set to open at a record high, blowing past its May 7 peak of $197.89. The shares boast a 437% year-over-year gain heading into today, with sharper pullbacks finding support at their ascending 200-day moving average.
A short squeeze could keep the wind at the equity's back. Short interest has tapered off in the most recent reporting period, yet the 43.14 million shares sold short accounts for 20% of the stock's total available float.
Short-term options traders have been leaning toward puts, per NBIS' Schaeffer's put/call open interest ratio (SOIR) of 0.88 stands in the 98th percentile of readings from the past 12 months.