Nebius Group is trading 19.6% up at $187.66 after announcing a new $1 billion AI cloud partnership with Reflection AI.

  • The strategic partnership is set to run through 2029, significantly boosting the company's long-term outlook in the AI cloud sector.
  • Shares are also benefiting from strong broader sentiment toward cloud infrastructure and AI spending across the technology industry.
  • The rally marks a sharp recovery for the stock, which faced double-digit declines earlier this week.