The report is good. Other people want one. Eighteen months later there are reports everywhere, half the business relies on them, and nobody is in charge of any of it.
I have trained hundreds of new Power BI users over the years, and I see the same light-bulb moment every time. “Oh, this feels like Excel and PowerPoint!” That familiarity is exactly why the tool spreads so quickly, people are not being pushed onto it, they are pulling it into the business themselves. As adoption stories go, that is the good kind. The enthusiasm is real and it is priceless.
But here’s the thing… the same freedom that makes a tool spread is the freedom that creates the mess. Because it grew without guardrails, everyone built things their own way. And a growing business eventually meets the consequences, usually in a meeting.
The moment this stops being invisible is nearly always the same one. Two people bring two versions of the same figure into the same room. Sales says one number, finance says another, and the conversation that was supposed to be about the business becomes a debate about whose report is right.
It gets called a data problem. It usually is not. Both reports are doing exactly what they were built to do, they were just built by different people, at different times, on different assumptions. One counts orders, the other counts invoices. One strips out cancellations, the other never did. Nobody decided this. It accumulated, one reasonable report at a time.
And underneath it sit the questions that quietly matter more. Who owns these reports? Who fixes the refresh that failed on Monday? Who checked what the new starter can see, and whether the margin data in that shared workspace was ever meant to be visible to everyone with the link? In an unmanaged estate, the honest answer to all of these is usually nobody.
None of this shows up as a line on the P&L, which is why it runs for so long. But the costs are real.
Staff time goes first. People rebuild reports that already exist because they cannot find or do not trust the originals. Someone senior spends hours reconciling two dashboards before every board meeting. Then trust goes, and this one is expensive, because once people stop believing the numbers, they stop using the reports and retreat to their own private spreadsheets, and the business is now paying for a reporting tool and running on Excel exports anyway.
And occasionally the cost is sharper than that. A figure nobody can stand behind lands in front of the bank, an investor or an auditor, and the awkward question is not about the number. It is about whether the business is in control of its own information.
At this point some owners reach for the opposite extreme, lock it all down, route everything through one person, approve every report. I would gently push back on that too. I have seen over-control fail as often as chaos. Clamp down too hard and people do not stop building reports, they just stop telling you, and the mess moves somewhere you can no longer see it.
For a growing firm, the structure that works is lighter than most people fear. It looks something like this. Every report that matters has a named owner, one person who answers for the figures and one route for fixing it when it breaks. The handful of numbers the business runs on, revenue, margin, active customers, get defined once, in one agreed place that every report draws from, so the same word means the same thing everywhere. Access follows job roles rather than one-off requests and forwarded links. And somewhere, there is a simple, written answer to “how do we do reporting here”, short enough that people actually read it.
That is it. Not a committee, not a six-month programme. Microsoft’s own adoption roadmap covers this ground thoroughly and is genuinely worth a read, I have gone back to it time and time again over the years. But for a small business the heart of it fits on a page. Owners, shared definitions, sensible access, and a bit of support for the people doing the building, because the analyst who taught themselves Power BI is an asset worth investing in, not a risk to be managed.
There is one more reason to sort this now rather than later. Power BI is no longer a standalone tool. It now sits inside Microsoft Fabric, Microsoft’s wider data platform, which means the thing your business adopted for reports is increasingly connected to where data is stored, moved and prepared across the company. More capability, and more ways for an unmanaged setup to grow expensive.
This is often the point where firms bring in outside help, and having done a lot of this work, I will tell you what it should look like. When businesses explore Microsoft Fabric consulting in the UK, the first job is usually not the platform at all. It is mapping what already exists, which reports are trusted, which models are duplicated, who owns what, where the access risks sit. Moving a messy estate onto a bigger platform does not clean it up. It gives the mess a bigger stage. Diagnosis first, then the technology.
Good reporting in a growing business should be slightly boring. The figures refresh, the definitions hold, people know where to look and stop arguing about whose number is right. The meetings get shorter and go back to being about the business.
The tool that spread through your company without permission got there because it is genuinely useful. That part is a win, and the enthusiasm behind it is worth protecting. It just needs what every useful thing eventually needs, an owner, a shared set of definitions and someone paying attention. The best time to give it those was before it mattered. The second best time is before the platform underneath it gets any bigger.
Kate Middleton has become one of King Charles III’s most trusted family members, with royal watchers pointing to a shared cancer diagnosis and years of steady public service as factors that have deepened the bond between the king and the Princess of Wales.
Katie Nicholl, a royal correspondent for Vanity Fair and co-host of the podcast “The Royals Uncensored,” said the princess has consistently proven her value to the institution since marrying into the royal family. “I think Catherine, the Princess of Wales, has always been a very valuable asset to the royal family,” Nicholl told Fox News Digital. “She is the commoner who married into the royal family … [She has made] a seamless transition into that unique world of royalty. It’s not easy … There’s a huge amount of sacrifice that goes into being a member of the royal family.” Nicholl added that Kate has handled that sacrifice with composure. “Catherine’s had to give up a huge amount, and yet she does it all with a great deal of grace and dignity, always with a smile,” Nicholl said. “So she is absolutely the monarchy’s greatest asset.”
The relationship between Charles and Kate has grown notably closer following parallel health struggles both experienced beginning in 2024. Buckingham Palace announced the king’s cancer diagnosis that year, and Charles shared in December 2025 that his treatment would be scaled back in 2026. Kate revealed her own cancer diagnosis in March 2024, shortly after the king’s announcement became public. She completed chemotherapy that September and announced in January 2025 that she was in remission.
British broadcaster and photographer Helena Chard said the king has drawn inspiration from watching Kate navigate her illness. “King Charles sees enormous value in Princess Catherine,” Chard told Fox News Digital. “Not just as the wife of his heir, but as the cornerstone of the monarchy itself. He genuinely loves his ‘darling’ daughter-in-law. His face lights up when he is with her. They share similar interests, and they have shared a similar cancer journey, one that has created a deep bond and understanding that goes beyond duty.”
Chard said the late Queen Elizabeth II had recognized Kate’s value to the institution well before Charles ascended the throne. “The late queen saw it too,” Chard said. “She recognized Catherine’s superpowers early on — her ability to listen, find solutions and bring calm to difficult situations.” Chard also framed Kate’s role within Charles’s broader approach to his reign. “King Charles fundamentally views his time on the throne as stewardship,” she said. “He sees himself as the caretaker of the institution and is acutely conscious of preparing the next generation. Collaborative preparation between the king and his heir is essential. Having Princess Catherine as the wife of his heir, Charles has struck gold.”
Royal author Sally Bedell Smith, in previous comments to People magazine, described the relationship in more personal terms. “He has always had a very strong bond with her,” Smith told the outlet, adding that Kate is “like the daughter he never had.” Smith said Charles shares a protective instinct toward Kate with his son, Prince William. “He shares with William an impulse to protect her,” Smith said. “They are in this together, Kate and the king.”
When Kate’s diagnosis first became public, Buckingham Palace said Charles was “so proud of Catherine for her courage in speaking as he did.” Author Christopher Andersen has separately written that the king stood by Kate’s side during her treatment “to lend his cherished daughter-in-law moral support.”
Kate has continued advocacy work tied to her cancer experience in the time since her recovery, including a recent charity fundraising climb of the three highest peaks in the United Kingdom for the Royal Marsden hospital. Nicholl said that effort has strengthened public support for the princess. “Thankfully, despite a serious health issue, she has overcome that,” Nicholl said. “We’ve just seen her climb the three highest peaks in the United Kingdom to raise money for the Royal Marsden. She’s turning her experience into something positive, and I think that’s earned her a great deal of respect among the British public, along with a lot of love and affection. People are very much behind her and William.”
Chard echoed that sentiment, describing Kate’s broader connection with the public. “Princess Catherine connects with people in a way that restores faith in the monarchy,” Chard said. “She has learned every aspect of the institution over many years and has blended in carefully without fuss. Princess Catherine is central to the institution’s success, and King Charles knows this.”
Royal commentators say Kate’s steadiness has taken on added significance as the working royal family has grown smaller in recent years. Prince Andrew stepped back as a working royal in 2019 amid his ties to the late convicted sex offender Jeffrey Epstein, and Charles has since formally stripped him of his princely title and HRH style. Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, stepped back from royal duties in 2020 and relocated to California.
Royals commentator Richard Fitzwilliams said the king’s appreciation for Kate extends to her partnership with William. “Naturally, King Charles recognizes the value of Kate, who is indeed the monarchy’s greatest asset,” Fitzwilliams told Fox News Digital. “We should add, ‘together with her partnership with William and their family.’ While we praise Catherine’s many strengths, William is the future king. She will one day be queen consort. They see themselves as a close-knit couple.” Fitzwilliams also pointed to Kate’s support for William amid reported tension over how to handle Harry. “William is currently at the center of reports that he and the king differ over how to handle Prince Harry, in particular,” Fitzwilliams said. “As she showed when the Sussexes met with the king and Queen Camilla, she fully supports William’s approach.”
Royals expert Hilary Fordwich said Kate’s steadiness has translated into measurable public goodwill. “It’s not at all surprising King Charles and Princess Catherine have bonded,” Fordwich told Fox News Digital. “One can tangibly feel the public also values her wonderful assets from the reception she always receives when in public, as well as in opinion polls. She has become indispensable and has won the public’s trust.” Fordwich attributed that trust in part to how Kate handled her illness. “She handled the strain of her cancer battle with dignity, without any indication of self-pity.”
Operator
Good morning, ladies and gentlemen, and welcome to the Bombardier Second Quarter 2026 Earnings Conference Call. Please be advised that this call is being recorded. At this time, I would like to turn the discussion over to Mr. Francis Richer de La Fleche, Vice President, FP&A and Investor Relations for Bombardier. Please go ahead.
Francis Richer de La Fleche
Vice President of Financial Planning & Investor Relations
Good morning, everyone, and welcome to Bombardier’s earnings call for the second quarter of 2026. I wish to remind you that during the course of this call, we may make projections or other forward-looking statements regarding future events or the financial performance of the corporation. There are risks that actual events or results may differ materially from these statements. For additional information on forward-looking statements and underlying assumptions, please refer to the MD&A. I’m making this cautionary statement on behalf of each speaker on this call.
With me today is our President and Chief Executive Officer, Éric Martel; and our Executive Vice President and Chief Financial Officer, Bart Demosky, to review our operations and financial results for the second quarter ended June 30, 2026.
I would now like
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Foreign companies looking for incentives under the scheme may have to invest Rs 500 crore over four years, while the threshold for domestic firms is likely to be around Rs 20 crore for five years, the source who did not wish to be named said.
“Meity (Ministry of Electronics and Information Technology) will take the Cabinet approval of the detailed guidelines soon and is hopeful of rolling out the scheme from next financial year. The incentive outlay is likely to be around Rs 7,500 crore,” the source said.
The government has announced a cumulative production linked incentive of Rs 2 lakh crore for 10 sectors to encourage domestic manufacturing after seeing traction of global giants like Apple’s contract manufacturers, Samsung etc for the scheme in the mobile devices segment.
According to mobile devices industry body ICEA, India has the potential to scale up its cumulative laptop and tablet manufacturing capacity to over Rs 7 lakh crore by 2025 through policy interventions.
Scaling up laptop and tablet PC manufacturing can take the share of India in the global market to 26 per cent from 1 per cent at present.
Besides, it will generate 5 lakh new jobs and lead to a cumulative inflow of foreign exchange to the tune of Rs 5.5 lakh crore and investment of over Rs 7,300 crore by 2025.
Worries that heavy investments in AI infrastructure may be taking too long to pay off rattled global markets this month and led to doubts about companies at the center of Wall Street’s rally in recent years.
“There were worries that Amazon’s spending was just moonshot spending, that it’s irresponsible spending, and (CEO) Andy Jassy just put those fears to bed,” said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma.
The PHLX chip index gained, but it remains down over 20% from its June 22 record high close. Apple tumbled after warning that supply constraints would hurt growth, adding to worries that recent iPhone price hikes would weaken consumer demand.
Apple’s slump kept the S&P 500 technology index down, despite gains in other tech stocks. Microsoft added to gains after surging over 15% on Thursday in its biggest one-day percentage gain since 2008 after it forecast stronger-than-expected cloud growth. Monolithic Power Systems rose after forecasting third-quarter revenue above estimates.
According to preliminary data,
Analysts on average expect S&P 500 aggregate second-quarter earnings to soar 48% from a year ago, with AI-related stocks accounting for much of that growth, according to LSEG I/B/E/S. Strong earnings forecasts and a recent decline in share prices have left the S&P 500 trading at about 20 times expected earnings, just above its 10-year average of 19 times, according to LSEG data.
The S&P 500 is near flat in July while the Nasdaq has fallen about 3%. Both indexes are up about 9% in 2026.
The S&P 500 equal-weighted index was on track for its fourth straight month of gains, thanks to its limited exposure to heavyweight AI-related stocks that have underperformed for much of that time. Three Federal Reserve officials who dissented at the Fed’s policy meeting this week in favor of an interest rate hike called on Friday for immediate action to bring inflation down to the U.S. central bank’s 2% target.
The 2-year U.S. Treasury yield, which typically moves in step with interest rate expectations for the Fed, rose 5.4 basis points to 4.28% but is down slightly for the week. Markets are pricing in a 65% chance of a rate hike at the Fed’s September meeting, according to CME FedWatch, down from 82% a week ago but up slightly from 63% on Thursday. Domain registrar GoDaddy dropped after narrowing its annual revenue forecast.
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The Federal Reserve left its benchmark interest rate unchanged this week despite three dissenting votes from Fed governors who would’ve preferred the central bank hike rates to help rein in stubbornly-high inflation, they explained on Friday.
The Federal Open Market Committee (FOMC), the Fed panel responsible for monetary policy moves, on Wednesday voted 9-3 to leave the federal funds rate unchanged at a range of 3.5% to 3.75%, where it has remained throughout 2026 so far.
The three dissenting votes were cast by Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan – each of whom raised concerns about inflation persisting above the central bank’s 2% target and said they would’ve preferred raising the federal funds rate by 25-basis-points.
Inflation trended lower in June but remains elevated from the energy price shock caused by the Iran war earlier this year, with the Fed’s preferred inflation gauge, the personal consumption expenditures (PCE) index, up 3.7% in June compared with a year ago.
FED POLICYMAKERS LEAVE RATES UNCHANGED AMID ELEVATED UNCERTAINTY
Inflation has remained stubbornly above the Fed’s 2% target, with energy prices pushing it higher over the course of this year. (Li Rui/Xinhua via Getty Images)
Federal Reserve Chair Kevin Warsh, who was leading his second FOMC meeting since being confirmed as the central bank’s leader, acknowledged the importance of returning inflation to 2% to restore price stability even as he said that he thinks holding rates steady was “especially prudent at these uncertain times.”
“Not one of my FOMC colleagues is under any illusion, we have begun a new chapter, and we understand that the five-plus years of inflation above target cannot be cured in nine weeks, or by a single month of modest price decreases. This Fed will not waver. Our credibility rests on performing our duties and delivering on our responsibilities,” Warsh said.
Here’s a look at key points made by the three dissenting FOMC members in their explanations of why they would’ve preferred the central bank hike rates at this week’s policy meeting.
FED’S FAVORED INFLATION GAUGE SHOWED PRICES PULLED BACK IN JUNE
Logan explained that inflation “does not appear to be on course to sustainably achieve” the Fed’s 2% target, adding that, “Every month of above-target inflation compounds the strain on the budgets of American families and businesses.”
“Even after accounting for productivity gains and temporary supply shocks, inflation appears to be trending toward the mid-2’s, not all the way to 2%, and the risks are to the upside,” Logan explained. She also noted the labor market is “solid and perhaps strengthening,” which eases concerns about the maximum employment component of the Fed’s dual mandate.
Dallas Fed President Lorie Logan said that inflation doesn’t seem to be returning to its 2% target. (Shelby Tauber/Bloomberg/Getty Images)
She added that conditions in the labor and financial markets, as well as consumer spending trends, suggest that “monetary policy is not restraining the economy. Without any policy restraint, inflation will likely continue to trend above target until there’s an unanticipated shock.”
“The FOMC cannot count on unanticipated shocks to achieve its goals and can always adjust policy if unanticipated shocks occur. Modest action in the near term would reduce the likelihood of needing to take sharper action later,” Logan said in explaining her preference for a rate hike.
FED CHAIR KEVIN WARSH SAYS CENTRAL BANK HAS ‘NO TOLERANCE’ FOR ELEVATED INFLATION
Kashkari discussed the similarities and differences between the current inflationary cycle and what the U.S. experienced in the 1970s with a series of successive supply shocks affecting commodities, food and energy markets; to the contemporary inflation caused by the pandemic, wars in Ukraine and the Middle East, and trade tension leading to higher tariffs.
While central bankers half a century ago initially thought they faced a single supply shock that could “look through” because it would pass on its own, they ultimately determined they needed to raise rates to curb the inflationary pressures, Kashkari explained.
Minneapolis Fed President Neel Kashkari said it wouldn’t be hard to pause or reverse rate hikes if needed. (John Lamparski/Getty Images)
“The economy today is in a much better place than it was then: unemployment is lower and inflation is much lower. But to manage against the risk that high inflation could become entrenched, I would rather tighten policy incrementally as we gather more data on the path of inflation and employment,” he wrote.
“If inflation remains elevated, in my view, a potential series of small policy moves would be better than waiting and eventually concluding that even bolder actions were necessary,” Kashkari said. “On the other hand, if inflation durably fades, a strategy of small policy steps would allow the FOMC to slow or pause subsequent adjustments without unnecessary impact on the real economy.”
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Hammack wrote that she is “not confident” that inflation will return to the Fed’s 2% target on its own, saying that the time is right for the central bank to take action to lower inflation as the “longer that high inflation persists, the more challenging and costly it can be to bring it back down.”
Cleveland Fed President Beth Hammack dissented in favor of a 25-basis-point rate hike. (Victor J. Blue/Bloomberg via Getty Images)
She noted that while energy price shocks have driven much of the inflation this year, she’s hearing from businesses in her Fed district that pricing pressures are “broadening rather than fading, and consumers are expressing despair over persistently higher prices.”
“Given the stability of the labor market, with the unemployment rate near my estimate of maximum employment, I view high inflation as the more pressing problem,” Hammock explained.
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“A higher federal funds rate would help restrain economic activity and reduce inflationary pressures. I preferred to move at our recent meeting because I did not see the current policy stance as appropriately restrictive,” she wrote.
Shares of Micron Technology fell 2.82% in Friday morning trading, dropping $24.66 to $850.00, as investors took profits following Thursday’s dramatic rally that had briefly pushed the stock up more than 16% amid renewed optimism about tightening global memory chip supplies.
Friday’s pullback came even as Wall Street’s overall outlook on the stock has remained decisively bullish. According to a report from Benzinga, Micron carries a consensus buy rating with an average analyst price target of $1,548.86. Several firms have issued increasingly aggressive price targets in recent weeks, including KeyBanc Capital Markets, which raised its target to $1,750 on July 14, and Cantor Fitzgerald, which lifted its own target to $2,000 on June 29 after reiterating a $1,500 target just days earlier.
TradingKey attributed the broader correction in Micron shares, which stood at more than 30% below the stock’s all-time high set at the end of June as of Tuesday, to a classic “sell-the-news” pattern following the company’s record third-quarter fiscal 2026 results and fourth-quarter guidance. “Driven by the AI wave, Micron once became one of the strongest-performing semiconductor stocks in 2026, with its stock price achieving a cumulative maximum gain of over 300% this year,” TradingKey reported. “With rapid valuation expansion, some capital chose to lock in profits after the company announced record financial results.”
TradingKey also pointed to a disclosed stock sale by Micron Chief Executive Sanjay Mehrotra as a contributing factor to recent market sentiment. According to filings with the U.S. Securities and Exchange Commission, Mehrotra sold approximately $37.3 million worth of Micron stock in late July under a pre-established 10b5-1 trading plan, a mechanism executives commonly use to sell shares on a predetermined schedule to avoid the appearance of trading on insider information.
Micron’s stock has swung dramatically over the past several weeks even as the broader trend has remained upward. The stock officially entered a bear market in early July, according to CNBC, before rebounding sharply. Shares fell as much as 10.75% during a single session in late July amid broader concerns weighing on memory chip stocks, before staging Thursday’s rally, which one report from CNN described as a jump of up to 18% during the trading day. TipRanks reported that Thursday’s surge was fueled in significant part by Samsung Electronics’ earnings, which hinted at long-term memory chip shortages persisting through 2028, a signal that boosted sentiment across the broader memory sector, including Micron, SanDisk, Nvidia and Advanced Micro Devices.
Benzinga reported that Micron’s technical indicators remain constructive despite Friday’s pullback, noting that the stock’s 50-day moving average continues to trade above its 200-day moving average, a pattern generally viewed as a bullish signal by technical analysts. The stock currently trades at approximately 75% of its 52-week range, according to Benzinga, indicating it remains closer to its highs than its lows even after the recent volatility. Micron’s 52-week range spans from a low of $103.38 to a high of $1,255.00.
Micron reached a $1 trillion market capitalization on May 26, according to company information compiled by Google Finance, becoming the latest U.S. company to cross that valuation threshold amid surging demand for its high-bandwidth memory chips used in artificial intelligence applications. Founded in 1978 in Boise, Idaho, Micron remains the only major American computer memory manufacturer, competing alongside South Korea’s Samsung Electronics and SK Hynix as one of the industry’s so-called Big Three memory producers.
Wall Street analysts expect Micron to report earnings of $31.24 per share on revenue of $50.72 billion when the company next reports quarterly results, according to Benzinga, compared with $3.03 per share and $11.31 billion in the year-ago quarter, reflecting the scale of growth the company has posted amid surging demand for AI-related memory products. Micron’s most recent quarterly results, according to TradingView, showed earnings of $25.11 per share against an estimate of $20.86, a 20.36% surprise, on revenue of $41.46 billion versus an estimated $35.91 billion, with net income reaching $28.24 billion for the period.
CNBC’s Jim Cramer characterized the broader forced selling that has periodically hit Micron and other AI-linked stocks in recent weeks as potentially marking a turning point for the sector. According to CNBC, Cramer described the unwinding of certain hedge fund positions as “a clearing event” that could signal a bottom for the broader artificial intelligence trade, even as individual stocks like Micron continue to experience sharp single-day swings in both directions.
Micron remains a significant holding across multiple semiconductor-focused exchange-traded funds, according to Benzinga, meaning large inflows or outflows tied to those funds can amplify the stock’s price movements during periods of heightened volatility. With the company’s next quarterly earnings report expected around late September, according to various compiled estimates, investors are likely to continue closely watching both the trajectory of global memory chip pricing and any further signals from competitors like Samsung about the durability of the current supply shortage as key factors shaping the stock’s performance in the weeks ahead.
Shares of Nebius Group climbed 2.89% Friday morning, adding $5.45 to reach $193.88, extending a remarkable two-day rally that has seen the artificial intelligence infrastructure company’s stock swing dramatically as investors reassess both company-specific catalysts and broader sentiment toward the so-called neocloud sector.
Friday’s gains built on a new multiyear computing power agreement with Reflection AI, worth more than $1 billion through 2029, which had already lifted shares more than 4% in premarket trading, according to StocksToTrade. The Netherlands-based Nebius, a “neocloud” provider that sells access to graphics processing unit-based AI computing capacity, has increasingly positioned itself as a key infrastructure supplier to AI-native companies seeking computing power without building out their own data centers.
Thursday’s trading session, however, delivered by far the more dramatic move. Nebius shares surged as much as 31.64% at one point Thursday afternoon, according to TimothySykes.com, before settling with a gain that TipRanks separately clocked at 28.4%. The rally traced back to reporting from The Wall Street Journal that investment firm Citadel had acquired the bulk of hedge fund Situational Awareness’s public equity portfolio, according to TipRanks. That transaction eased fears of a disorderly liquidation of the fund’s heavily AI-weighted holdings, since Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, had disclosed a $2.6 billion stake in Nebius as of the first quarter of the year. The subsequent rally was consistent with a pattern of short sellers rushing to cover their positions as sentiment around the stock rapidly improved.
Nebius’s stock has also benefited from broader momentum across major technology companies’ AI infrastructure spending. Following blockbuster earnings from Microsoft and Meta Platforms, Meta CEO Mark Zuckerberg addressed the tension his company faces in deciding how much internal AI computing capacity to use versus sell externally, saying Meta is “getting a lot of offers for compute at a significant premium over what we paid for it,” according to AOL. Microsoft separately disclosed signing more than $130 billion in new data center leases and outlined plans to double its data center capacity within two years, developments that AOL reported have directly benefited Nebius given its business model of selling access to AI computing capacity.
Not every recent catalyst has worked in Nebius’s favor. Meta’s disclosed plans to sell excess AI computing capacity of its own had earlier triggered a 12% to 15% decline in neocloud stocks including Nebius and rival CoreWeave, according to TimothySykes.com, as traders repriced the competitive threat posed by hyperscale cloud providers potentially competing more directly with smaller, specialized AI infrastructure companies. Separately, a one-year moratorium on new hyperscale data center construction in New York state has introduced regulatory uncertainty, though analysts covering the stock have suggested the restriction could simply redirect infrastructure growth toward other, more accommodating states rather than meaningfully constraining Nebius’s overall expansion plans.
The scale of volatility in Nebius shares over recent weeks has been extraordinary even by the standards of high-momentum artificial intelligence stocks. According to StocksToTrade, the stock has whipped between the mid-$160s and the low-$220s over the course of just several trading sessions, with daily closes ranging from roughly $171 to $221. Robinhood data showed the stock trading between a daily high of $198.56 and a low of $155.00 during Thursday’s session alone, a range StocksToTrade and other trackers have attributed in part to heavy retail trading activity connected to the WallStreetBets community on Reddit.
Nebius has continued to draw institutional validation despite the volatility. Nvidia disclosed owning a 9.3% equity stake in Nebius, valued at roughly $5 billion, through a filing with the U.S. Securities and Exchange Commission revealed publicly on July 20, a disclosure that had sent shares up nearly 19% in a single session when the news first emerged, according to Robinhood. Baird analysts initiated coverage of the stock with an outperform rating on July 22, according to Yahoo Finance compiled data, which also showed an average analyst price target of $258.13 and a range spanning from $120.00 to $410.00, alongside a consensus rating between “strong buy” and “buy.”
Nebius has called an Annual General Meeting for August 25 to approve its 2025 accounts and reshape aspects of its capital structure, according to a company announcement cited by TipRanks, a development that will give investors an additional formal opportunity to review the company’s financial position as its stock continues to attract outsized trading volume and volatility relative to its underlying business fundamentals.
Nebius’s stock has posted extraordinary gains over various time horizons even accounting for its sharp swings, with Yahoo Finance data showing total returns of 125.11% over a recent one-year period and gains as high as 1,218.61% over a longer measurement window, though the company’s premium valuation, with a price-to-earnings multiple of 55.36 according to Robinhood, and debt-heavy growth strategy remain factors some analysts continue to flag as risks even amid the stock’s dramatic recent rally.
With Thursday’s rally driven substantially by the resolution of hedge fund liquidation concerns rather than company-specific operational news, and Friday’s more modest gains tied directly to the new Reflection AI compute agreement, investors are likely to continue watching closely whether Nebius can sustain its current momentum as the broader neocloud sector works through a period of unusually elevated volatility tied to shifting sentiment around artificial intelligence infrastructure spending across the technology industry.
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