Quartz·1 min read·medium
Nebius stock surged after Nvidia disclosed a 9.3% stake in the AI cloud company
✦AI Summary
Nebius stock experienced a significant surge following a regulatory filing revealing that Nvidia holds a 9.3% stake in the AI cloud company. This investment signals strong market confidence in the neocloud provider.
Nebius stock rose 7% in premarket trading Tuesday after a filing showed Nvidia holds roughly 22.26 million shares in the neocloud firm
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