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Under normal circumstances, the Fund invests in a stock portfolio of approximately 35 equity securities of companies of any market capitalization that the Manager believes are undergoing Positive Dynamic Change. Equity securities include common or preferred stocks. The Fund focuses its investments in technology companies, including companies benefiting from technological improvements, advancements or developments. In the opinion of the Manager, these companies across industries use technology extensively to improve their business processes, applications and opportunities or seek to grow through technological developments and innovations.

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NBIS

Nebius Group (NASDAQ: NBIS) shares are up 2.65% in premarket trading following announcements of early adoption of NVIDIA&#39;s Blackwell Ultra platform and new data center developments.

What&#39;s Going On With Nebius Stock Today?

Shares of Nebius Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIS#NASDAQ">NBIS</a>) are trading higher in the premarket session on Wednesday following major <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">announcements at GTC 2025.</a>



The AI infrastructure company revealed it will be an early adopter cloud provider for NVIDIA&#8217;s cutting-edge Blackwell Ultra platform, offering customers access to<a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44387355/nebius-to-offer-nvidia-blackwell-ultra-powered-instances" rel="noreferrer noopener"> NVIDIA GB300 NVL72-powered instances</a>.



By the end of 2025, Nebius plans to provide accelerated computing through 72 NVIDIA Blackwell Ultra GPUs, unlocking powerful on-demand AI capabilities for enterprises and AI developers.



As part of the announcement, Nebius confirmed the general availability of NVIDIA Blackwell GPU capacity at its U.S. data centers starting in the second quarter of 2025.



This will give AI builders access to world-class infrastructure for developing next-generation AI models.



Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/03/44390083/nvidia-ai-boom-just-beginning-as-blackwell-gains-traction-and-rubin-ultra-raises-the-power-bar-says-gene-munster-investors-are-still-skeptical" rel="noreferrer noopener">Nvidia AI Boom Just Beginning As Blackwell Gains Traction And Rubin Ultra Raises The Power Bar, Says Gene Munster: &#8216;Investors Are Still Skeptical&#8217;</a>



In addition to this, Nebius has been named an ecosystem partner for NVIDIA&#8217;s Dynamo Inference Engine, an open-source framework for deploying generative AI at scale.



A facility in New Jersey will be dedicated exclusively to NVIDIA Blackwell-architecture GPUs. The company is also planning to deploy NVIDIA HGX B200 at its Kansas City data center by second quarter of 2025.



&#8220;As one of the first GPU cloud providers to offer NVIDIA Blackwell and Blackwell Ultra-powered instances, Nebius will enable its customers to accelerate next-generation reasoning models, AI agents and physical AI applications,&#8221; said Dave Salvator, director of accelerated computing products at NVIDIA.



Earlier in March, the company announced the planned construction of a new data center in<a href="https://www.benzinga.com/tech/25/03/44137694/nebius-announces-300-mw-data-center-in-new-jersey-adds-ai-capacity-in-kansas-city-and-iceland" target="_blank" rel="noreferrer noopener"> New Jersey with up to 300 MW capacity.</a>



The data center Nebius has commissioned in New Jersey will be built to Nebius's design, enabling the company to achieve maximum efficiency and offer superlative performance to customers.



The facility is a phased development expandable up to 300 MW, with the first capacity likely completed as early as summer 2025.



According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NBIS stock has gained over 28% in the past year. Investors can gain exposure to the stock via&nbsp;Alger 35 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATFV#NYSE">ATFV</a>).



Price Action: NBIS shares are trading higher by 2.65% to $26.35 premarket at last check Wednesday.



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</ul>



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What's Going On With Nebius Stock Today?

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Latest Alger 35 ETF News | ARCA:ATFV | Benzinga

Wednesday, March 19, 2025

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