# Bank of America resets Nebius stock price target after 454% surge > Source: > Published: 2026-08-14 15:42:05+00:00 Photo: Markus Pentikäinen / techfinitive.com # Bank of America resets Nebius stock price target after 454% surge The AI infrastructure company formerly born from Yandex's restructuring posted $582.3 million in Q2 revenue, but Michael Burry is betting against it. Nebius Group, the Amsterdam-based AI infrastructure company trading on NASDAQ, just posted quarterly revenue that made Wall Street do a double take. Q2 2026 revenue came in at $582.3 million, a 454% increase year-over-year, and Bank of America responded by hiking its price target from $280 to $310. Analyst Tal Liani maintained a Buy rating on the stock, which closed near $259.20 after the earnings release. That implies roughly 20% upside from current levels to the new target. For a stock already up more than 200% year-to-date, that kind of headroom still looks generous. ## The numbers behind the hype Nebius didn’t just grow the top line. It flipped its profitability picture entirely. Adjusted EBITDA for Q2 2026 hit $236.2 million, compared to a $21 million loss in the same quarter a year earlier. The company also issued full-year 2026 revenue guidance of $3 to $3.4 billion. Even more eye-catching: an annualized run-rate revenue expectation of $7 to $9 billion. The business model centers on large-scale GPU clusters and cloud services built specifically for enterprise AI workloads. ## From Yandex’s ashes to AI darling Nebius didn’t materialize out of thin air. The company emerged from the restructuring of Yandex N.V. in 2024, a process driven by geopolitical pressures that forced the Russian tech giant to divest its international operations. Under CEO Arkady Volozh, the newly independent entity pivoted hard toward global AI infrastructure. ## Burry bets the other way Not everyone is buying the story. Michael Burry has increased his short position on NBIS at around $247 per share. Burry’s bearish stance creates an interesting tension in the market narrative. On one side, you have Bank of America setting a $310 target and citing strong fundamentals. On the other, you have a contrarian investor known for identifying bubbles placing a meaningful wager that the stock is overextended. Institutional investors watching the AI infrastructure space now face a choice between two credible but contradictory frameworks: Bank of America’s thesis that Nebius is still undervalued relative to its growth trajectory, and Burry’s implicit argument that the market has already priced in too much future success. **Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our [Editorial Policy](https://cryptobriefing.com/editorial-policy/).