Nebius (NBIS) Stock Is Rebounding Thursday: What's Going On?
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Shares of Nebius Group NV (NASDAQ:NBIS) are rebounding, rising 6.04% to $104.58, following news that its autonomous driving subsidiary, Avride, secured up to $375 million in investments backed by Uber. This funding aims to enhance Avride's services and launch a robotaxi service in Dallas by 2025. Despite a recent 12% drop in shares, institutional investors are viewing the dip as a buying opportunity. The company is set to release its third-quarter financial results on Nov. 11, with analysts expecting a loss of 49 cents per share and revenue of $155.11 million.
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