Nebius Group N.V. (NASDAQ:NBIS) shares are trending on Wednesday.

Shares of the vertically integrated AI infrastructure company gained 7.17% in the pre-market session to $125.82 on Wednesday, following Jim Cramer's comments on data center expansion and recent insider filings.

The large-cap stock closed the regular session up 4.32% at $117.40, according to Benzinga Pro data.

Jim Cramer Highlights Data Center Expansion Trend

Last week, CNBC host Jim Cramer said in an appearance that investors "have to realize" the significance of data center-driven growth, adding that "you gotta stay close to Nebius." He noted that as new data centers come online, demand rises across related infrastructure providers.

The remarks followed Nebius's Mar. 31 announcement of a new AI factory in Lappeenranta, Finland, with planned capacity of up to 310 MW as part of its global infrastructure expansion.

Insider Filings Show Late March–April Activity

Securities and Exchange Commission filings show multiple insider stock sales last week. Chief Technology Officer Danila Shtan sold 13,489 shares worth about $1.33 million, while Chief Infrastructure Officer Andrey Korolenko sold 26,976 shares valued at roughly $2.66 million.

CEO Arkadiy Volozh also sold 33,358 shares at $103.73, totaling about $3.46 million. General Counsel Tal Boaz sold 3,036 shares at $98.78, totaling approximately $300,000.

In February, NBIS reported fourth-quarter revenue of $227.7 million and earnings per share of ‑$0.68, missing analyst estimates of $238.55 million and ‑$0.54.

Trading Metrics, Technical Analysis

Nebius Group has a market capitalization of $29.70 billion, with a 52-week high of $141.10 and a 52-week low of $18.89.

The Relative Strength Index (RSI) of NBIS stands at 57.33.

Over the past 12 months, the stock has gained 485.24%.

Currently, NBIS is positioned approximately 80.6% of its 52-week range, closer to the annual high.

With a strong Momentum in the 98th percentile, Benzinga’s Edge Stock Rankings indicate that NBIS has a positive price trend across all time frames.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.