NEBIUS stock surged 11% on Thursday while Bloom Energy gained about 6%. The rally is attributed to the company's announcement of a partnership with Bloom Energy to deploy Bloom's fuel cell technology to power Nebius's expanding AI infrastructure.
The agreement includes a master fuel cell capacity deal with potential aggregate payments of up to $2.6 billion over the term, targeting approximately 328 megawatts of installed capacity expected to come online this year.
Space stocks jumped. DXYZ up about 10%; VCX up over 5%; ASTS up 4%; Sidus Space up over 2%.
SpaceX took the wraps off its IPO filing on Wednesday, opening the books of the company that has already revolutionized rocket technology, with even larger ambitions to colonize Mars and build AI data centers in space.
The listing is poised to become the first trillion-dollar U.S. market debut and could set the stage for a number of monumental IPOs in coming months, among them potentially technology giants OpenAI and Anthropic.
Walmart stuck to its conservative annual sales and profit targets on Thursday, as rising fuel costs drive value‑seeking shoppers to its low-priced groceries and essentials. Shares fell about 7% on Thursday.
Intuit lowered annual revenue forecast for its tax-filing software, TurboTax, on Wednesday and said it would cut 17% of its full-time workforce, sending its shares down 20% amid lingering fears of AI disruption.