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Mergers & AcquisitionsMediumUpdated•Originally published 5 May 2026•Updated 6 May 2026•

1 min read

Nebius Group Acquires Eigen AI for $643M to Strengthen AI Cloud Infrastructure

Key Facts

1Nebius announced the acquisition of Eigen AI for $643 million to strengthen its AI cloud capabilities.

Nebius Group has officially announced the acquisition of Eigen AI in a deal valued at $643 million to bolster its AI cloud infrastructure. Following the news, NBIS stock surged to a 52-week high of $179.96, representing an intraday gain of approximately 9%. The stock began trading Wednesday at $175.92, extending its year-to-date rally to more than 110%. This strategic move is designed to create an integrated inference ecosystem, allowing Nebius to compete more effectively with global hyperscalers. Analysts view the acquisition and the subsequent price action as a bullish signal for the company's competitive positioning. The deal highlights the accelerating consolidation within the AI sector as Nebius continues its rapid expansion in cloud computing.

28 days ago

Version History

Version 128 days ago

What changed: Updated the story to include the stock hitting a 52-week high, the 9% intraday gain, and year-to-date performance data.