Nebius Group is trading 4.6% up at $222.43, extending a sharp multi-day surge after securing a more than $1 billion AI compute contract with Reflection AI.
- The deal highlights significant demand for the company's Nvidia-based infrastructure, prompting investors to re-rate its long-term growth prospects.
- Broader strength across the AI and software sectors, bolstered by upbeat Palantir earnings and a risk-on market environment, is providing additional tailwinds.
- The stock continues to gain momentum as the market reacts to the scale of the new infrastructure partnership.