Reported 12 days ago
Nebius Group N.V. (NASDAQ:NBIS) has seen its stock price rise over 100.5% after announcing a $17.4 billion AI infrastructure agreement with Microsoft on September 8. Under the deal, Nebius will supply Microsoft with GPU infrastructure for five years, which the CEO believes will significantly boost the company’s AI cloud business. Following this announcement, Goldman Sachs raised its price target for NBIS from $120 to $137, maintaining a 'Buy' rating.
Source: YAHOO