Nebius Group N.V. (NASDAQ:NBIS) shares are trending on Wednesday.
Shares of the vertically integrated AI infrastructure company gained 7.17% in the pre-market session to $125.82 on Wednesday, following Jim Cramer‘s comments on data center expansion and recent insider filings.
The large-cap stock closed the regular session up 4.32% at $117.40, according to Benzinga Pro data.
Jim Cramer Highlights Data Center Expansion Trend
Last week, CNBC host Jim Cramer said in an appearance that investors “have to realize” the significance of data center-driven growth, adding that “you gotta stay close to Nebius.” He noted that as new data centers come online, demand rises across related infrastructure providers.
The remarks followed Nebius’s Mar. 31 announcement of a new AI factory in Lappeenranta, Finland, with planned capacity …
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