Golden Cross Alert: Nvidia-Backed AI Stock Just Broke Out - Is This The Next Big Winner?
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Nvidia-backed Nebius Group NV (NBIS) has recently raised $1 billion in convertible debt and is showing bullish momentum with a Golden Cross pattern, where its 50-day SMA has surpassed the 200-day SMA. Currently trading at $48.88, the stock is up nearly 145% over the past year. Momentum indicators like MACD and RSI suggest continued upward movement, although short-term selling pressure may exist. Overall, NBIS presents a high-reward opportunity for traders as it aims to establish itself in the AI infrastructure market.
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