NBIS is trading 5.9% higher at $203.05 in pre-market action, rebounding from recent multi-day weakness as sentiment remains buoyed by a major partnership.
- The stock continues to see support following a massive $2.6 billion, 30-year fuel cell capacity agreement between Bloom Energy and Nebius announced on May 13.
- Today's gains appear company-specific, as broader market futures are trading slightly lower, indicating idiosyncratic strength within the sector.