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Nvidia-backed stock soars over 40% in a week
Finboldยท 2025-06-09 14:08
Core Insights - Nebius Group NV has been officially added to Nvidia's portfolio, indicating a strong alignment with AI infrastructure linked to Nvidia's GPU technology [1] - The company's stock has seen significant growth, with an 85% increase over the past 30 days and a 42% rise in the last week, driven by positive market sentiment regarding its U.K. expansion and partnership with Nvidia [2] Company Developments - Nebius announced the launch of a major GPU cluster in the U.K. utilizing Nvidia's Blackwell Ultra platform, expected to be operational by Q4 2025, aimed at enhancing compute capacity for various sectors including research and public services [4] - The project is viewed as a significant advancement for Britain's AI initiatives and marks a key step in Nebius's international growth strategy [5] Financial Metrics - As of the latest report, Nebius shares were trading at $52.11, reflecting an 8% increase at market open on Monday [3] - Nvidia holds 1.19 million shares of Nebius, valued at approximately $25.13 million as of the end of Q1, indicating strong investor interest [5]