Key Highlights
- BofA starts coverage on Nebius (NBIS) with Buy rating and $150 target, suggesting approximately 30% potential upside
- Bank of America maintains Buy rating on CoreWeave (CRWV) with $100 target (around 22% upside potential)
- Company debuts AI Cloud 3.5, introducing serverless AI infrastructure to its comprehensive cloud offering
- Platform now features Nvidia’s RTX PRO 6000 Blackwell Server Edition GPUs
- Company sets sights on 1GW immediate capacity with ambitions exceeding 3GW in development pipeline
Shares of Nebius Group (NBIS) attracted attention Thursday following Bank of America’s initiation of coverage with a Buy recommendation and $150 price objective. This valuation suggests potential gains of approximately 30% from present trading levels.
The analyst endorsement coincided with Nebius unveiling AI Cloud 3.5, representing the newest iteration of its comprehensive cloud infrastructure platform.
This updated release brings serverless AI computing capabilities to market, enabling development teams to deploy computing workloads nearly instantaneously without manual infrastructure configuration. According to Nebius, the system automatically manages infrastructure provisioning and runtime operations, allowing engineering teams to concentrate on application development rather than environment administration.
🚨 $NBIS released an update to its AI cloud platform.
Nebius AI Cloud 3.5 introduces serverless AI, allowing developers to build, run, and scale AI workloads without managing infrastructure.
In practice:
• Workloads can be launched almost instantly
• Infrastructure… pic.twitter.com/BGd7rpptaA— M. V. Cunha (@mvcinvesting) March 26, 2026
The serverless functionality is presently accessible through public preview.
AI Cloud 3.5 further expands the platform by incorporating Nvidia’s RTX PRO 6000 Blackwell Server Edition into its available GPU options. This processor targets AI inference operations, industrial automation, physical AI modeling, visual rendering, and pharmaceutical research applications.
Additionally, the release includes a newly developed Data Transfer Service. This tool streamlines data movement and synchronization between third-party storage infrastructure and Nebius cloud facilities, reducing administrative burden for organizations operating across distributed environments.
What Bank of America Sees in Nebius
BofA characterizes Nebius as a platform-focused competitor in a capacity-limited AI infrastructure marketplace. The investment bank positions the company as less mature compared to CoreWeave, currently trading at lower valuations while expanding operations.
Nebius projects triple-digit percentage revenue expansion from its current baseline. The organization has established a short-term infrastructure target of 1GW, with strategic plans to expand the development roadmap past 3GW.
Bank of America analysts noted that this expansion trajectory demands substantial capital investment, with financing arrangements carrying significant costs. Market analysts also highlighted pricing competition and intensifying rivalry within the AI cloud sector as potential headwinds.
Nevertheless, BofA positions Nebius as a prime beneficiary of accelerating AI infrastructure investment — assuming operational execution remains solid.
CoreWeave Receives Continued Support
Bank of America’s research coverage simultaneously reaffirmed a Buy recommendation on CoreWeave (CRWV) with a $100 price objective. The firm projects CoreWeave will achieve 144% revenue expansion in 2026 followed by 86% growth in 2027 while pursuing additional infrastructure capacity.
CoreWeave is positioned as the more established operator between the two companies, having successfully transformed contracted commitments into actual revenue streams. BofA applies valuation metrics typical of proven growth enterprises to CoreWeave, whereas Nebius continues trading at discounted multiples.
Nebius’s AI Cloud 3.5 serverless computing capability entered public preview availability starting today.
