Iris Energy (IREN), Nebius (NBIS) and Coreweave (CRWV) are frequently grouped due to their shared focus on AI infrastructure

TradingKey - The increasing investment in artificial intelligence is not only benefitting chip manufacturers but is also leading to the emergence of a new class of infrastructure companies.

TradingKey - During Monday's pre-market trading session (ET), tech giant Meta (META.US) reportedly plans to launch a large-scale AI collaboration with Nebius over the next five years, with total spending potentially reaching up to $27 billion. Driven by the news, shares of Nebius (NBIS.US) surged more than 16% at one point.

TradingKey - The demand for artificial intelligence infrastructure has surged into one of the hottest areas within technology and continues to drive increased investment in companies providing the underlying computing resources necessary for today's AI applications.

• Insider selling occurred from multiple Waste Management executives. • Past earnings miss and industry headwinds may impact sentiment. • Technical indicators suggest oversold conditions.

TradingKey - Shares of AI cloud service provider Nebius (NBIS) surged by more than 11% in pre-market trading on March 11, Eastern Time. The rally followed the market's positive reaction to a major strategic partnership with NVIDIA (NVDA). NVIDIA announced a $2 billion investment in Nebius, as the two companies join forces to develop next-generation hyperscale cloud services for the AI era.
