Why Shares of Nebius Group Are Soaring This Week

Since the close of trading last week, shares of the artificial intelligence (AI) cloud company Nebius Group (NASDAQ: NBIS) had risen 16%, as of 10:18 a.m. ET today. The company has purchased new land that could signal expansion, and one of its competitors also just signed a major deal earlier this week.There's a lot of debate among investors regarding what inning of AI infrastructure buildout we are in. While no one knows for sure, there still appears to be a strong appetite for AI data centers. Earlier this week, CoreWeave, a competitor of Nebius, signed a new multiyear, $14 billion deal to provide capacity to Meta Platforms.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool