Why Nebius Group Stock Jumped 10% Today
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Nebius Group's stock surged nearly 10% following a strategic investment of $72 million in its subsidiary, Toloka, led by Jeff Bezos' investment office. This investment allows Toloka to pursue its strategic direction while Nebius retains a majority stake. The move comes amid a volatile market as the Federal Reserve maintains interest rates, highlighting the growing interest in AI infrastructure investments. Toloka, which partners with major tech firms, is set to create a new board of directors post-investment, potentially enhancing Nebius' value as it focuses on AI workloads.
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