Another Billion-Dollar Deal Boosts Popular AI Stock

Core Insights - Nebius Group (NASDAQ:NBIS) shares increased by 5.8% to $103.53 despite a larger-than-expected net income loss and revenue miss for Q3, driven by a $3 billion AI infrastructure deal with Meta Platforms [1] - The company recently secured a $19 billion deal with Microsoft in September, indicating strong partnerships in the AI sector [1] Stock Performance - NBIS shares have pulled back from an October 10 record high of $141.10 but are supported by a $100 floor and an ascending 50-day moving average [2] - The stock has surged 300% since January, reflecting significant growth [2] - Short interest has decreased by 5.2%, accounting for 10.9% of the stock's total available float, or 22.54 million shares, indicating a potential shift in market sentiment [2] Volatility and Trading - Nebius Group stock tends to outperform options traders' volatility expectations, with a Schaeffer's Volatility Scorecard (SVS) rating of 87 out of 100 [3]