The NVIDIA Effect: Why AI Cloud Play Nebius Is Surging Right Now
Nebius Group (NBIS) stock jumped 7% premarket after NVIDIA disclosed a 9.3% stake in the AI cloud infrastructure provider.
NVIDIA, a huge computer chip company, bought a big piece of Nebius, a company that rents out powerful computers for AI work. This made people more interested in buying Nebius stock because NVIDIA's support suggests Nebius might be doing something important.
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