Nvidia's Neobius Stake Sends Neocloud Stocks Soaring Amid AI Deal Frenzy

Neocloud stocks rallied across the board after several key announcements in the AI and cloud computing sector. The biggest gainer was Neobius, whose stock surged 19% following Nvidia's disclosure of a 9.3% stake in the company.

This news lifted sentiment for Neocloud stocks more broadly, with other companies also seeing gains. IREN Ltd, which won a $2.8 billion AI contract, saw its stock rise by 3%, while Hut 8 secured a massive 15-year lease worth $9.8 billion, with the potential value exceeding $50 billion.

The company's IT capacity will increase to 949 MW, supported by 1,330 MW of utility capacity. The total contract value across lease terms stands at $26.6 billion, with average annual NOI of more than $1.75 billion.