Nebius Stock Surges on Meta Deal. Should You Chase the Rally in NBIS Here?

Nebius (NBIS) shares pushed aggressively to the upside today, after the artificial intelligence (AI) infrastructure firm announced a landmark $27 billion deal with Meta Platforms (META). This five-year agreement involves deployment of next-gen Nvidia (NVDA) Vera Rubin chips, positioning NBIS as a critical neocloud provider for Big Tech’s insatiable AI compute demand. Following today’s surge, Nebius stock is up about 80% versus its year-to-date low in early February. More News from Barchart www.barchart ...