Nebius pursues acquisition of AI21 Labs to expand from infrastructure into full-stack AI software as stock surges 33% in a week

Nebius Group (NASDAQ: NBIS) is in advanced negotiations to acquire Israeli AI startup AI21 Labs, marking a strategic pivot beyond infrastructure services

The deal follows AI21 Labs' failed merger discussions with Nvidia, suggesting renewed interest from alternative acquirers

Nebius stock has demonstrated exceptional momentum, gaining 33.2% over the past week, 28.3% in the past month, and 61.2% year-to-date, trading near $144.97

The acquisition would enable Nebius to offer a full-stack AI solution combining infrastructure with software capabilities