Nebius Group N.V.
(NASDAQ:NBIS) stock is trading higher on Tuesday.
The price movement follows the successful closing of its Eigen AI acquisition and official confirmation of the company's upcoming addition to the Nasdaq-100 Index.
Eigen AI Acquisition Finalized The Amsterdam-headquartered AI cloud company announced on Tuesday that it completed its acquisition of Eigen AI, an inference and model optimization firm.
According to the company statement, the transaction was initially announced on May 1 and officially closed on June 10 after receiving necessary regulatory approvals and satisfying customary closing conditions.
