“Huge Opportunity”: BofA Starts Coverage on Nebius with Buy Rating
Bank of America initiates coverage on Nebius with a Buy rating and $150 price target, implying 31% upside.
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Nebius Plunges After Announcing $3.75 Billion Convertible Notes Offering
Nebius stock plunged up to 10% after announcing a $3.75 billion offering of convertible senior notes due 2031 and 2033. The funds will finance data center builds, GPU purchases, and AI cloud expansion.
Meta's $27 Billion AI Infrastructure Splash: Partnering With Nebius on Vera Rubin Tech
Meta commits up to $27 billion over 5 years to Nebius for dedicated AI capacity starting 2027, using NVIDIA Vera Rubin tech in major push to rival OpenAI and Google.
NVIDIA Invests $2 Billion in Nebius to Scale 5GW Full-Stack AI Cloud by 2030
NVIDIA invests $2B in Nebius to scale AI infrastructure. Partnership targets 5+ gigawatts of capacity by 2030 for powerful inference and agentic AI applications.
Oracle-OpenAI Drops Texas Expansion, Meta Steps In
Oracle and OpenAI scrapped plans to expand the Stargate AI data center in Abilene, Texas. Meta now in talks to lease the site, with Nvidia facilitating.
AI Credit Fears Strike Back: Crushing Data Centers and Speculative Trades
Data center and AI-related stocks like CoreWeave plunged sharply as rising credit risks and heavy spending fears spark a sell-off in speculative tech trades. Investors are pushing back against big capital expenses.