The stock market closed higher on Thursday on as easing geopolitical tensions boosted investor confidence. The rally gained momentum after President Donald Trump withdrew proposed tariffs on imports from eight European countries, helping stocks rebound from earlier losses.
Overall, S&P 500 was up 0.6% to 6,913, while NASDAQ increased 0.9% to 23,436.
Chart of the Day
Here is the one-year chart of Nebius (NBIS) as of January 9, 2025, when the stock was at $97.
AI hosting company Nebius’ demand is so strong they sold out of available capacity last quarter. And every time they bring more capacity online, they sell all of it. And if they had more, they would sell more.
Nebius recently signed 5-year deals with Meta Platforms (META) for $3 billion and Microsoft (MSFT) for ~$18.4 Billion. And these are just a sample of many customers using Nebius’ cloud AI services.
Nebius’ quarterly revenue has exploded from $7 million to $146 million in just 8 quarters, with estimates pointing towards $1 billion a quarter 5 quarters from now. Wow!
NBIS is a large holding in our Growth Portfolio and Aggressive Growth Portfolio.
