Nebius Group N.V. (NBIS) shares surged 16.15 percent to $112.00, gaining $15.57 on Wednesday, after the company announced a strategic partnership and $2 billion investment from NVIDIA to expand AI cloud infrastructure.
The stock is currently trading at $112.00 compared with its previous close of $96.43 on the Naasdaq. Shares opened at $105.14 and traded between $104.49 and $114.08 during the session. Trading volume reached about 19.24 million shares, above the average volume of about 12.52 million shares.
Under the partnership, NVIDIA will invest $2 billion in Nebius to support the development of next-generation hyperscale AI cloud infrastructure. The companies plan to collaborate on AI factory design, inference platforms, and large-scale deployment of NVIDIA accelerated computing technologies. Nebius aims to deploy more than 5 gigawatts of AI computing capacity by 2030. The stock has traded in a 52-week range of $18.31 to $141.10.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.