Nebius stock surges after Eigen AI win, eyes on Nasdaq-100 cloud move
Nebius Group spiked in late Nasdaq action Wednesday after the Amsterdam AI cloud company wrapped up its purchase of Eigen AI. The company said the deal is aimed at moving Nebius further into AI software. Nebius shares climbed around 8.4% to $287.49, after hitting $297.75 intraday, according to the latest data. Nebius is set to join the Nasdaq-100 in a few days, a move that could bring in fresh demand from index funds and puts it alongside new AI infrastructure firms like CoreWeave and Astera Labs. Nasdaq has said the rebalance happens before the open on June 22. More than 200 products track the index, representing over $800 billion in assets worldwide.