Why Nebius Stock Rallied This Week

Nebius was caught up in an AI stock sell-off that reversed course this week.Nebius Group (NBIS +0.19%) has been one of the artificial intelligence (AI) stocks investors have piled into in the last six months. Shares have soared 140% in that time. Yet it is trading 30% below recent highs as fears grew that AI infrastructure spending has increased too far, too fast. That sell-off reversed course this week, though, with Nebius shares rallying 14%, according to data provided by S&P Global Market Intelligence. T ...