NEBIUS (NBIS) surged 6.08% during Thursday's intraday trading, marking a sharp rebound after recent declines. The stock's upward movement reflects a broader recovery in AI-related stocks, fueled by positive sentiment from Micron Technology's upbeat forecast.
Analysts suggest the rally may stem from investors reevaluating concerns about NEBIUS's debt obligations. Recent selloffs were deemed excessive by some, as the company's credit profile shows signs of improvement. While uncertainties remain, the market appears to be pricing in a more balanced view of NEBIUS's financial health.
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