This move aims to expand Nebius’s capacity to meet the growing demand for AI cloud services, which has been a driver of interest in the stock. The broader market is also supportive, with S&P 500 futures showing a gain of 0.5%.Unveils Asset-Light AI Cloud Partnership ModelNebius disclosed a partnership model where infrastructure partners finance and operate data centers while Nebius provides the systems architecture and software. This asset-light approach is designed to rapidly scale AI cloud capabilities globally, allowing partners to generate returns quickly as they serve the AI market.This enables partners to quickly monetize AI infrastructure, with Nebius connecting the capacity to its customer base.$1 Billion AI Infrastructure DealOn Tuesday, as per Bloomberg, the company secured a deal worth over $1 billion to provide computing capacity to Reflection AI, an artificial intelligence startup founded by former Google DeepMind researchers.The multi-year agreement, running through 2029, will provide Reflection access to Nvidia’s GB300 AI chips.NBIS Technical Outlook: Key Levels And MomentumThe stock has shown a remarkable 12-month performance of 274.93%, indicating strong momentum over the past year. However, it currently trades about 16.3% below its 20-day simple moving average (SMA) of $239.81, suggesting a recent pullback. The moving average convergence divergence (MACD) is below its signal line, indicating that momentum is fading, which may suggest caution for short-term traders.Key Resistance: $233.50 — a nearby level where rebounds can stall, closely tied to the 50-day SMA. Key Support: $200.50 — a level where buyers previously stepped in, reflecting recent price action and market interest.NBIS Earnings Preview And Analyst Price TargetsNebius Group is slated to provide its next financial update on August 6, 2026 (estimated).