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Nebius Group (NasdaqGS:NBIS) Lands $2 Billion From Nvidia As Avride Moves With Uber
Simply Wall St.51d agoneutral
Nebius Group (NasdaqGS:NBIS) Lands $2 Billion From Nvidia As Avride Moves With Uber

Nvidia commits a direct US$2b investment to Nebius Group (NasdaqGS:NBIS) to support AI data center expansion. Nebius plans to scale its neocloud infrastructure with Nvidia hardware and software across its data center network. Avride, Nebius Group's autonomous vehicle subsidiary, emerges with a partnership with Uber targeting robotaxi and delivery robot markets. Nebius Group sits at the intersection of AI infrastructure and cloud computing, positioning its neocloud offering for workloads...

Nebius Group (NBIS) Closes Eigen AI Deal And Opens Three New UK Data Centers
Simply Wall St.55d agoneutral
Nebius Group (NBIS) Closes Eigen AI Deal And Opens Three New UK Data Centers

Nebius Group (NasdaqGS: NBIS) has closed its acquisition of Eigen AI and is integrating Eigen’s optimization stack into its AI inference platform. The deal establishes Nebius’s first Bay Area engineering presence as part of its U.S. research and development footprint. Nebius also announced three new UK data centers and a large investment focused on local AI infrastructure and sustainability initiatives. The company is extending its partnership with NVIDIA while continuing to build out its...

Bloomberg57d agobullish
STMicro Eyes $1.5 Billion Convertible Bonds After AI-Fueled Jump

(Bloomberg) -- STMicroelectronics NV is looking to raise $1.5 billion from selling debt that can be exchanged into equity after the chipmaker’s shares tripled in value so far this year. Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen Horm

Nebius Group N.V. (NBIS) a Moderate Buy, Per Wall Street
Insider Monkey57d agobullish
Nebius Group N.V. (NBIS) a Moderate Buy, Per Wall Street

Nebius Group N.V. (NASDAQ:NBIS) is among the 10 Stocks ChatGPT Predicts Could Make You Wealthy in 3 Years. On June 8, BofA analyst Tal Liani lifted the firm’s price target on the stock to $280 from $240 and maintained a Buy rating. The adjustment came after the company announced it would spend £1.7 billion on […]