Nebius Group is trading at $197.05 (+4.57%) in after-hours trading following the announcement of a $1 billion AI cloud partnership with Reflection AI.
- The strategic partnership is scheduled to run through 2029 and appears to be the primary catalyst for the stock's upward momentum.
- Shares had already experienced a sharp rally earlier on July 30, with this news extending those gains in late trading.
- The price reaction is being further amplified by the thinner liquidity typical of after-hours market sessions.