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Nebius Group Rebounds in Pre-Market on $4.2B Financing Plan for AI Infrastructure Expansion
Nebius Group Rebounds in Pre-Market on $4.2B Financing Plan for AI Infrastructure Expansion
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BTCCSquare news:
Nebius Group N.V. shares gained 1.62% in pre-market trading, recovering from a 2.43% decline the previous session. The rebound follows the company's announcement of a $4.2 billion capital raise, comprising $2.75 billion in convertible notes and $1 billion in equity. Funds will target data center expansion and hardware acquisitions to accelerate growth in the AI infrastructure sector.
Market Optimism appears driven by Nebius's aggressive positioning in the global AI infrastructure race. The convertible notes offering was upsized due to strong demand, signaling institutional confidence in the company's expansion strategy. Pre-market trading at $94.90 suggests investors are pricing in the potential impact of this capital infusion.
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