Nebius Group N.V. (NASDAQ:NBIS – Get Free Report) shares rose 6.5% during mid-day trading on Friday . The stock traded as high as $23.82 and last traded at $23.42. Approximately 1,636,426 shares changed hands during trading, a decline of 71% from the average daily volume of 5,656,647 shares. The stock had previously closed at $22.00.
Nebius Group Stock Performance
The stock has a market cap of $8.49 billion, a price-to-earnings ratio of -41.21 and a beta of 2.68. The business’s fifty day moving average price is $19.56.
Nebius Group Company Profile
Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company’s services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.
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