On June 18, NEBIUS rose 4.14% in pre-market trading, trading at $293.01/share, with turnover of $9.09 million. Multiple positive catalysts continue to drive the stock higher.
On the news front, Nasdaq previously announced its quarterly rebalancing results, confirming NEBIUS will be added to the Nasdaq 100 Index, with the adjustment taking effect before market open on June 22. The anticipated passive index fund allocation demand has been steadily lifting the share price. Additionally, the company recently completed its full acquisition of AI firm Eigen AI for a total consideration of $643 million, aimed at strengthening its inference platform globalization capabilities.
These developments come on top of the previously announced $2.2 billion UK computing infrastructure expansion plan, which includes three new NVIDIA full-stack AI factory deployment sites with a combined capacity of 65 megawatts upon completion. The company also disclosed that Q2 computing power lease contract renewal rates exceeded market expectations. The convergence of multiple tailwinds has sustained strong upward momentum in the stock.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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