Nebius Stock Climbs: Here's Why
Why is Nebius Group N. V. Stock Rising?
Nebius Group N. V. stock is experiencing a significant boost today. The reason? Microsoft is procuring a substantial number of NVIDIA chips from them. This is part of a massive deal between the two tech giants.
The Deal: A $19.4 Billion AI Powerhouse
The agreement is valued at up to $19.4 billion and is centered around AI. Microsoft aims to leverage Nebius's computing power for its AI initiatives, including:
- Large language models
- Consumer AI assistant
Microsoft's AI Ambitions
Microsoft is collaborating with several other companies to meet the surging demand for AI, driven by products like:
- GitHub Copilot
- OpenAI's ChatGPT
Nebius's Role: Over 100,000 NVIDIA Chips
Nebius is supplying Microsoft with over 100,000 NVIDIA chips. This will help Microsoft free up its own servers, creating a win-win situation.
Investing in Nebius Stock
If you're interested in buying Nebius stock, you can do so through a brokerage account. Many platforms allow you to purchase fractional shares, enabling you to own a portion of a share without buying the whole thing.
Betting Against Nebius
If you want to bet against the company, it's a bit more complex. You'll need access to an options trading platform, where you can:
- Short sell the stock
- Buy a put option
Current Stock Performance
As of now, Nebius stock is up by 3.31%, trading at $119.52.
