Nebius Group is trading 6.4% up at $202.58 following a $1B AI compute contract and positive sentiment surrounding Nvidia's strategic moves in the sector.
- The company recently secured a $1B AI compute deal with Reflection AI, highlighting significant demand for its infrastructure services.
- Sentiment is bolstered by Nvidia’s passive stake and backing of peer Nscale, alongside a broader rally in software and AI stocks.
- The stock remains volatile as strategic investor interest continues to drive price action following a week of high-profile infrastructure deals.