Nebius Shares Jump More Than 11%, Leading Neocloud Rebound
Nebius Group shares rose more than 11% Tuesday. CoreWeave gained about 8% and IREN roughly 8% as neocloud and AI infrastructure stocks rebounded after weeks of selling pressure.
Nebius Group NASDAQ:NBIS shares jumped more than 11% Tuesday, leading a sharp rebound across neocloud and AI infrastructure stocks after weeks of selling pressure.The rally spread across the sector, with CoreWeave (CRWV) gaining about 8% and IREN NASDAQ:IREN rising roughly 8%, as investors rotated…