Key Takeaways
- Nebius shares jumped to a record high Tuesday morning after the Amsterdam-based AI infrastructure provider said it has inked an agreement with Microsoft worth up to $19.4 billion over five years.
- The price broke out from a pennant, a chart pattern that signals a continuation of the stock’s uptrend.
- The measured move technique forecasts a bullish price target of $176.40. Investors should watch major support levels on the Nebius chart around $87, $76 and $54.
Nebius Group shares jumped Tuesday after the Amsterdam-based AI infrastructure provider said it has inked an agreement with Microsoft worth up to $19.4 billion over five years.
Under the deal, Nebius (NBIS) will deliver computing resources to Microsoft (MSFT) later…
