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Nebius (NBIS) shares pushed aggressively to the upside today, after the artificial intelligence (AI) infrastructure firm announced a landmark $27 billion deal with Meta Platforms (META). This five-year agreement involves deployment of next-gen Nvidia (NVDA) Vera Rubin chips, positioning NBIS as a critical neocloud provider for Big Tech’s insatiable AI compute demand.
Following today’s surge, Nebius stock is up about 80% versus its year-to-date low in early February.