Why Nebius Group Stock Jumped 10% Today
It was a volatile day on Wall Street as the Federal Reserve held interest rates steady at its Federal Open Market Committee meeting. The Fed noted increasing uncertainty and risks of slow growth and rising prices, however.Yet shares of artificial intelligence (AI) infrastructure company Nebius Group (NASDAQ: NBIS) soared above the Fed noise. The stock closed the trading session nearly 10% higher. That's because one of its company holdings just received an investment from a big-name technology investor.Image source: Getty Images.Continue reading
It was a volatile day on Wall Street as the Federal Reserve held interest rates steady at its Federal Open Market Committee meeting. The Fed noted increasing uncertainty and risks of slow growth and rising prices, however.
Yet shares of artificial intelligence (AI) infrastructure company Nebius Group (NASDAQ: NBIS) soared above the Fed noise. The stock closed the trading session nearly 10% higher. That's because one of its company holdings just received an investment from a big-name technology investor.
Image source: Getty Images.
