12 PM Market Flash: AI Cloud Stock Nebius Group (NASDAQ: NBIS) Soars as AI Cloud Demand Accelerates | Global-E Online: Europe And Asia Drive

Producer prices just posted their biggest jump in four years, putting fresh pressure on the Federal Reserve as inflation accelerates. U.S. producer prices surged in April on higher costs for goods and services, with economists warning the Israel-Iran conflict is complicating the Fed's path and hitting households as well as global markets. SPX is trading at 7443.70, up zero point zero eight percent on the session, while the VIX sits at 18.01, down zero point four four percent. In the AI space, Nebius Group shares are soaring sixteen percent after strong first quarter results and a major one point two gigawatt Pennsylvania AI factory deal that highlights the shift from infrastructure to productivity in cloud demand. Bitcoin is trading at seventy nine thousand seven hundred sixty nine dollars, down zero point nine percent over the past twenty four hours, reflecting some risk-off flows amid the inflation and geopolitical headlines. Traders are watching the next Fed signals and any escalation in the Middle East that could keep volatility elevated. I am your VixShield news reporter. Back to you, Russell.