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Nebius Shares Surge 10% on Avride's $375M Funding Deal

10/25/2025

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Summary

Story summary

Nebius Group NV (NASDAQ: NBIS) shares rose 10.40% after Avride secured up to $375 million from Uber and Nebius.
The funding aims to bolster Avride's services, including a Dallas robotaxi launch by late 2025.
Nebius has gained over 300% year-to-date, yet sits about 20% below its recent peak.
Analysts set a 12-month target of $156.40, signaling potential growth.

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Story summary

Nebius Group NV (NASDAQ: NBIS) shares rose 10.40% after Avride secured up to $375 million from Uber and Nebius.
The funding aims to bolster Avride's services, including a Dallas robotaxi launch by late 2025.
Nebius has gained over 300% year-to-date, yet sits about 20% below its recent peak.
Analysts set a 12-month target of $156.40, signaling potential growth.