Why These 10 Stocks Soared Today

8. Nebius Group N.V. (NASDAQ:NBIS)

Nebius Group jumped by 9.62 percent on Wednesday to end at $27.45 apiece as investor sentiment was buoyed by billionaire Jeff Bezos’ investment in the company.

In a statement on Wednesday, Nebius Group N.V. (NASDAQ:NBIS) said that its AI data solutions business Toloka, welcomed a strategic investment by Bezos Expeditions, with participation from Shopify’s chief technology officer, Mikhail Parakhin.

The investment marked a pivotal step for Toloka as it is expected to scale up and sharpen its strategic focus amid accelerating global demand for reliable, high-quality AI data solutions.

Upon completion, Parakhin is set to assume the role of the executive chairman for the newly constituted board of directors.

According to Nebius Group N.V. (NASDAQ:NBIS), it will continue to hold a majority stake in Toloka, but will give up the majority of its voting power in Toloka as it aims to give the latter greater independence while it focuses on its core AI infrastructure business.