Why Is Nebius (NBIS) Stock Price Up 7.44% Today, Sep 24? BNP Paribas’ $399 Target and Higher AI Cloud Prices Lift NBIS

Nebius (NBIS) jumped 7.44% after BNP Paribas Exane upgraded the stock to Outperform and lifted its target to $399, reinforcing confidence in the AI-infrastructure growth narrative. Separately, announced increases in GPU/CPU cloud service pricing suggest sustained demand and improved pricing power, supporting near-term revenue expectations. The move highlights ongoing sensitivity of AI-infrastructure equities to analyst revisions and compute-pricing signals.