Why Nebius Group Inc. (NBIS) Went Up On Tuesday?

We recently published a list of 10 Firms Outperform Broader Market on Tuesday. In this article, we are going to take a look at where Nebius Group Inc. (NASDAQ:NBIS) stands against other firms that outperform broader market on Tuesday.

The stock market finished mixed on Tuesday, with the Dow Jones the sole loser with a marginal 0.03-percent dip, as investors awaited clarity on President Donald Trump’s new tariff rollout.

The tech-heavy Nasdaq ended 0.87 percent higher, while the S&P 500 grew 0.38 percent.

Meanwhile, 10 individual stocks outperformed the bellwether indices, finishing the day in the green amid a flurry of fresh corporate developments that boosted investor appetite.

In this article, we named Tuesday’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume.

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Nebius Group Inc. (NASDAQ:NBIS)

Nebius Group grew its share prices by 7.48 percent on Tuesday to finish at $22.69 each as investors repositioned their portfolios over continued investor confidence while trading in line with Nasdaq’s rally.

In recent news, NBIS announced developments to boost the adoption and support of Artificial Intelligence, including a tie-up with the Stevens Institute of Technology for the launch of the Laboratory for AI in Mathematics Education at Stevens in Hoboken, New Jersey.

With the aim of exploring and promoting innovative AI uses in math research and education, NBIS said the new laboratory will investigate how large language models (LLMs) and other AI technologies can be used to promote mathematical reasoning skills and transform teaching practices.

Additionally, the company announced its role as an early adopter cloud provider of the NVIDIA Blackwell Ultra platform offering NVIDIA GB300 NVL72-powered instances by the end of 2025. The instances were said to be accelerated by 72 NVIDIA Blackwell Ultra GPUs.

NBIS said it plans to make NVIDIA Blackwell GPU capacity generally available to its US data centers by the second quarter of the year, with its New Jersey data center expected to be exclusive to the platform’s GPUs. Meanwhile, its facility in Kansas will deploy NVIDIA HGX B2000.

Overall, NBIS ranks 7th on our list of firms that outperform broader market on Tuesday. While we acknowledge the potential of NBIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as NBIS but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.