Overview
- Nebius, which announced Friday a $643 million cash‑and‑stock deal to buy Eigen AI, jumped 11.8% that day as traders piled in.
- Shares have since reached a new 52‑week high of $183.60 and recently traded near $191.64, extending gains into this week.
- The company plans to fold Eigen’s inference and post‑training optimization tools into Token Factory, its platform for running AI models to generate answers, and to build a Bay Area engineering hub.
- Management says the acquisition should close in the coming weeks, pending antitrust review and other customary closing conditions.
- Nebius reports first‑quarter results on May 13 before the market opens, a key check on progress after last quarter’s loss of $0.69 per share and $227.7 million in revenue missed forecasts.