Nebius signs AI capacity deal with Meta

Here's a summary of the DailyEdge by TradeZero newsletter:

S&P 500

• 6,632.19 (−40.43, 0.61%)

Dow Jones

• 46,558.47 (−119.38, 0.26%)

NASDAQ

• 22,105.36 (−206.62, 0.93%)

Market close: March 13, 2026

Breaking News

• Nebius Group signed a five-year deal with Meta Platforms for $12 billion in dedicated AI capacity, with a contract value up to $27 billion.
• Nebius specializes in AI-focused cloud infrastructure, benefiting from capital-intensive AI build-outs.
• The shift to upfront payments and customer financing impacts Nebius's cash flows, liquidity, and risk profile.

EdgeUp

• Oil Volatility: War-driven oil price swings are attracting record retail money into oil-linked ETFs, fueling "meme-style" trading.
• Anthropic vs. Trump: Anthropic's legal battle against the Trump administration's "supply chain risk" designation might benefit the AI company through enhanced recruitment, brand recognition, and employee morale.
• Nvidia's GTC Event: Nvidia's annual GTC developer event, a potential stock catalyst, faces high expectations from analysts who aren't sure it will significantly boost the stock.
• Ruthenium Prices: Ruthenium, a platinum group metal, hit a record high due to supply constraints and surging demand from AI-driven data storage and cloud computing.
• UniCredit's Bid for Commerzbank: UniCredit made a $40 billion offer for Germany's second-largest bank, Commerzbank, at a 4% premium.
• 1973 Analogy: Current market events are being compared to 1973, with a report highlighting an "indispensable monopoly" company critical to AI tech like Nvidia and Intel.

Trading Strategies

• Even with stretched valuations, price and seasonal trends can favor upside; conflicting signals require a tighter process.
• When markets feel expensive, reduce position size, seek cleaner entries, and define the trade's invalidation point beforehand.
• Base stops on closing prices, not intraday spikes, and wait for confirmed closes through key levels for patterns like double tops/bottoms.

Top 5 Movers In Early Pre-Market (4:00 AM to 7:00 AM ET)

• ULY (Urgent.ly Inc.): +161.08%
• CLIK (Click Holdings Limited): +44.71%
• ABOS (Acumen Pharmaceuticals, Inc.): +18.04%
• NBIS (Nebius Group N.V.): +15.01%
• TLS (Telos Corporation): +12.85%

Today’s Economic Dates

• 8:30 AM: Empire State manufacturing survey (March)
• 9:15 AM: Industrial production (Feb.)
• 9:15 AM: Capacity utilization (Feb.)

Friday's Biggest Movers (March 13, 9:30 AM to 4:00 PM ET)

• SVCO (Silvaco Group, Inc.): +52.42% (announced Q4 and full-year 2025 results)
• ELPW (Elong Power Holding Limited): +43.73% (no notable news)
• ORKA (Oruka Therapeutics, Inc.): +36.77% (added Chris Martin to Board of Directors)

Today’s Notable Earnings

• NIU (Niu Technologies): Q4 2025 (Before Market Open) - Actual: -0.160
• AVD (American Vanguard): Q4 2025 (After Market Close) - Estimate: 0.280
• FPS (Forgent Power Solutions): Q2 2026 (Before Market Open) - Estimate: 0.110

Parting Thoughts

• "In investing, patience is a competitive advantage." – Seth Klarman