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Why Did Nebius Stock Rocket Higher Today?

TheMotleyFool

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Speculative juices continue to flow as Nebius Group (NASDAQ: NBIS) stock continues to soar. Shares of the cloud infrastructure provider have been riding the artificial intelligence (AI) wave, with the stock rocketing about 470% higher over the last year.

The rally continued today, with a major player in the AI sector revealing an ownership stake. That led Nebius stock to jump by nearly 12%. The stock pared those gains as the session neared a close, but remained up by 9.1% as of 3:55 p.m. ET.

Source Fool.com

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