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AI cloud provider Nebius NBIS surged 12% after announcing its $643 million acquisition of Eigen AI, a move to integrate advanced model optimization and inference capabilities. Meanwhile, CoreWeave climbed 7% ahead of its earnings report, where revenue is expected to double year-over-year. As total backlogs for major hyperscalers like Google and Microsoft surge past $2 trillion, the demand for dedicated AI infrastructure continues to outstrip available capacity.
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