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Wajeeh Khan

Nebius Stock Shoots Above Key Levels on $2 Billion Nvidia Investment. Should You Buy NBIS Here?

Nebius NBIS Nvidia NVDA

Nebius (NBIS) shares ripped higher on Wednesday after Nvidia (NVDA) announced a massive $2 billion strategic investment in the artificial intelligence (AI) cloud provider. The post-announcement surge helped NBIS breach its key moving averages (20-day and 100-day) today, signaling a possible start of a strong uptrend.

Versus its year-to-date low, Nebius stock is now up about 50%, but there’s reason to believe it will rally further from here as the year unfolds.

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Top stories on inkl right now

Flydubai attack investigation widens as alleged hijacker’s training in New Zealand scrutinised

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Hamam al-Hammami spent 175 days in New Zealand until May 2019, as Australian Jewish group calls for full investigation into his time in Melbourne

The Guardian - AU

Kansas neighbour cut 133 trees, some 70 feet onto adjoining land; court upholds $6,500 award

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A Kansas appeals court has upheld a $6,500 damages award against a man whose neighbour’s fence project led to 133 trees being cut on adjoining land in 2015. The court found the landowner filed his trespass case within the legal time limit and that there was enough evidence to hold…

The Times of India

Germany’s former spy chief arrested over alleged treason: 2,000 classified documents at centre of probe

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FL Declares Emergency in 25 Counties as Gulf Depression Could Become Season's First Hurricane, Residents Warned

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One subscription that gives you access to news from hundreds of sites

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