AI cloud firm Nebius rises on Nvidia partnership
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NBIS• Nebius shares rise after Nvidia partnership update
- Shares of AI cloud firm Nebius (NBIS.O) rise 7.9% to $230 premarket.
- Nvidia (NVDA.O) CFO says Nebius will be the first early adopter of Groq 3 LPX, Nvidia's new AI inference platform, later this quarter.
- Nvidia says its Vera Rubin platform is ramping into full production, with Nebius among the partners running the systems.
- Strong demand for AI services and data center capacity was cited by Nebius as supporting its $5 billion convertible bond offering last week.
- 8 of 10 brokerages rate the stock "buy" or higher, 2 "hold"; their median PT is $287.50, data compiled by LSEG.
- NBIS stock is up 155% year to date.
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AI cloud firm Nebius rises on Nvidia partnership - NBIS News | Rallies
