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Stock impact report

Government Contract Changes Nebius Group (NBIS) Future Prospects [Yahoo! Finance]

Nebius Group N.V. - Class A Ordinary Shares (NBIS) 
Company Research Source: Yahoo! Finance
selected by the Israel Innovation Authority to operate and develop the company's national supercomputer infrastructure as part of a state initiative supporting AI. The firm won the contract following a competitive process, with the systems already operational and ready to deploy 1,000 Nvidia B200 accelerators. The use of the company's technology alongside Nvidia's high-performance GPUs highlights the reliability and quality of its products, signaling strong market validation. The project improves the company's credibility and positions it at the center of Israel's AI ecosystem. Dror Bin, CEO of the Israel Innovation Authority, commented: ”The launch of the national supercomputer for use by industry and academia is a key step in strengthening Israel's R&D infrastructure for artificial intelligence. This initiative is designed to enable the development and training of large models in Israel, accelerate industrial and research innovation, and strengthen Israel's ability to continue Show less Read more
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