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MarketBeat
MarketBeat
Business
Jeffrey Neal Johnson

Nebius Joins the AI Elite After a $17.4 Billion Microsoft Pact

In a market move that captured the attention of the entire technology sector, shares of artificial intelligence (AI) infrastructure provider Nebius Group (NASDAQ: NBIS) delivered a stunning performance on September 9th. The stock jumped 49.42% to close at $95.72, a dramatic climb that came on the back of extraordinary trading volume.

More than 88 million shares changed hands, a figure nearly nine times its daily average, signaling a wave of intense investor conviction. For a stock that has already seen a remarkable 245% year-to-date increase, this single-day event was an undeniable exclamation point.

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