Tag: stock market

Nebius stock experienced a significant surge, climbing nearly 50% following the announcement of a strategic artificial intelligence partnership with Microsoft. This deal is expected to bolster Nebius's position in the competitive AI landscape and drive substantial growth.

Veteran investor Bill Smead likens the current AI stock frenzy to a speculative bubble, warning of an inevitable crash as investors chase potential gains without fundamental backing. He draws parallels to past market manias, urging caution amidst the hype.