
Shares of Nebius Group (NASDAQ: NBIS) have staged an impressive comeback, reaching new all-time highs on Friday following the disclosure that artificial intelligence and technology giant NVIDIA (NASDAQ: NVDA) has taken a position in the company. The stock soared to an intraday high of $47.68 before pulling back slightly to close at fresh record levels, gaining nearly 7% on the day.
This marks a stunning turnaround for Nebius, which had been reeling from a near 40% crash just weeks prior due to fears surrounding DeepSeek’s disruptive AI advancements.