Nebius rallies on Nvidia stake disclosure and new AI compute deal
+11.64% to $212.58 from $190.41
What moved NBIS
- Shares jumped after Nvidia disclosed a stake of roughly 9.3% in the AI cloud infrastructure company.
- Nebius also agreed to sell computing power to Reflection AI in a deal worth more than $1 billion through 2029.
- The gains add to investor anticipation ahead of the company’s upcoming earnings report.
Sources: Benzinga · Timothy Sykes · QuiverQuant