Nebius Group Soars on Major Microsoft Deal; Pre-Market Movers
Nebius Group Experiences Significant Share Rise
Recently, shares of Nebius Group N.V. (NASDAQ: NBIS) saw a dramatic increase of approximately 50% in pre-market trading. This surge was primarily triggered by the company’s announcement of securing a robust contract with Microsoft valued at up to $19.4 billion. The deal encompasses a five-year journey dedicated to providing GPU infrastructure capacity.
Details of the Microsoft Contract
Nebius has crafted an agreement with Microsoft that aims to enhance the dedicated GPU infrastructure at its new data center located in Vineland. This phased approach highlights the company's strategic plans to expand its services in the technology sector and improve its market position significantly.
Current Market Performance
In pre-market trading, Nebius Group shares jumped to $96.15, reflecting a notable advancement from previous sessions. Investors are keenly monitoring the company's developments following this major contract, which is expected to bolster their revenue stream in the coming years.
Other Stocks Showing Movement
Alongside Nebius, various other stocks are capturing attention in the pre-market environment:
Gainers
- Big Tree Cloud Holdings Limited (NASDAQ: DSY) skyrocketed by 625.1% to $7.40.
- Santech Holdings Limited (NASDAQ: STEC) surged 533.3% to $4.18.
- 707 Cayman Holdings Limited (NASDAQ: JEM) gained an impressive 155.3% reaching $0.7532.
- Lion Group Holding Ltd (NASDAQ: LGHL) experienced a 126% rise to $3.39.
- Wolfspeed, Inc. (NYSE: WOLF) rose by 62.9% to $2.02 after court approval to exit Chapter 11 protection.
- Tourmaline Bio, Inc. (NASDAQ: TRML) increased by 57.1% as the company agreed to be acquired.
- CleanCore Solutions, Inc. (NYSE: ZONE) elevated by 44.3% to $5.06 due to a significant cryptocurrency acquisition announcement.
- QMMM Holdings Limited (NASDAQ: QMMM) surged by 29.9% to $14.64.
- Brighthouse Financial, Inc. (NASDAQ: BHF) rose 13.2% to $49.10.
Losers
- NFT Limited (NYSE: MI) fell 32.2% to $2.91.
- Taitron Components Incorporated (NASDAQ: TAIT) declined by 28.8% to $2.50.
- Sentage Holdings Inc. (NASDAQ: SNTG) dropped 22.2% to $5.30.
- Steakholder Foods Ltd (NASDAQ: STKH) dipped 20.3% to $0.4620.
- Beyond Air, Inc. (NASDAQ: XAIR) declined by 19.9% to $2.65 due to the exercise of warrants announcement.
- PACS Group, Inc. (NYSE: PACS) decreased by 16.2% to $9.50 following the resignation of its CFO.
- Talphera, Inc. (NASDAQ: TLPH) fell 15.5% to $0.6917.
- Mobile-health Network Solutions (NASDAQ: MNDR) dropped 12.7% to $0.7010.
- Planet Labs PBC (NYSE: PL) declined by 11.2% to $8.59 after announcing a new convertible notes offering.
- AIRO Group Holdings, Inc. (NASDAQ: AIRO) fell 8.4% to $18.77 after announcing a share offering.
Frequently Asked Questions
What caused Nebius Group's stock surge?
Nebius Group's stock surged due to their announcement of a contract with Microsoft worth up to $19.4 billion for GPU infrastructure.
How much did Nebius Group shares increase?
The shares increased by approximately 50%, climbing to $96.15 in pre-market trading.
Which stocks are gaining in pre-market trading?
Key gainers include Big Tree Cloud Holdings, Santech Holdings, and Wolfspeed, among others.
What are the notable losers in pre-market trading?
Notable losers include NFT Limited, Taitron Components, and Sentage Holdings.
What are investors watching for next from Nebius Group?
Investors are focused on future developments related to the Microsoft contract and the impact on Nebius's revenue growth.
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