Exchange: NASDAQ·Updated 07:42 PM EDT
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NBIS Stock Falls After Announcing Its Third Multi-Billion Dollar Convertible Notes Sale in Under a Year
The company plans to use the proceeds to build and expand data centers, invest in its AI cloud platform, and purchase GPUs and other infrastructure.
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NBIS Stock Rallies After The Nvidia-Backed Company Lands $775M Debt Deal To Fund AI Buildout
Nebius said the $775 million loan was backed by GPU hardware already deployed in its data centers and cash flows from an existing customer contract.
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Why Did Arm Stock Close 16% Higher Today?
Raymond James upgraded Arm to ‘Outperform’ from ‘Market Perform’ with a $166 price target. The firm cited the company's business model shift to include a fabless semiconductor element for the upgrade.
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