Stock Track | NEBIUS Soars 5.42% as $700M Nvidia Investment Fuels $1B Revenue Target

Stock Track

Jan 30, 2025

NEBIUS, the technology and artificial intelligence company formerly known as Yandex, saw its stock price surge by 5.42% in after-hours trading on Wednesday. This significant jump can be attributed to the company's announcement of securing a $700 million investment from chip giant Nvidia, as part of its ambitious plans to generate $1 billion in revenue.

After severing ties with its Russia-based operations following the invasion of Ukraine, NEBIUS has been undergoing a strategic transformation. The company is now focused on expanding its AI and technology offerings globally, with a particular emphasis on areas such as autonomous driving, robotics, and generative AI.

The substantial investment from Nvidia is expected to provide NEBIUS with the necessary resources and cutting-edge hardware and software solutions to drive its growth ambitions. By leveraging Nvidia's expertise, NEBIUS aims to develop innovative products and services, ultimately targeting $1 billion in revenue from its global operations.

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By leveraging Nvidia's expertise, NEBIUS aims to develop innovative products and services, ultimately targeting $1 billion in revenue from its global operations.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NBIS","symbol_name":"NEBIUS","start_time":0,"source_url":"","article_id":"1184014040","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184014040","pubTimestamp":1738200381,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"NEBIUS, the technology and artificial intelligence company formerly known as Yandex, saw its stock price surge by 5.42% in after-hours trading on Wednesday. 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