India, May 7 -- Shares of Nebius Group N.V. (NBIS) gained over 8% on Wednesday morning after the company announced a strategic investment in Toloka, its AI data solutions business, led by Bezos Expeditions, the investment arm of Jeff Bezos, with participation from Mikhail Parakhin, CTO of Shopify.
NBIS is currently trading at $27.08, up $2.04 or 8.15%, on the Nasdaq. The stock opened its trading at $27.60 after closing Tuesday at $25.04. The stock has traded between $14.09 and $50.87 in the past 52-week period.
The investment marks a pivotal step in Toloka's evolution, and will enable the company to scale rapidly and sharpen its strategic focus amid accelerating global demand for reliable, high-quality AI data solutions.
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