Amsterdam-based artificial intelligence infrastructure company Nebius Group (NBIS) is carving a niche in the rapidly growing AI ecosystem.
Formerly part of Yandex, the “Google of Russia,” Nebius emerged as an independent entity last July after divesting its Russian assets due to geopolitical tensions. Now listed on Nasdaq, Nebius focuses on providing GPU clusters, cloud platforms, and AI-centric tools like Nebius AI, Toloka AI for generative AI data solutions, Avride for autonomous driving, and TripleTen for edtech.
Backed by Nvidia (NVDA) through a $700 million private placement in December, Nebius is leveraging Nvidia’s cutting-edge H100 and Blackwell GPUs to power its AI cloud services.
The company’s stock has surged 95% in the past month, reflecting investor enthusiasm for its ambitious growth plans and strategic partnerships. Can Nebius sustain this momentum, and does it present a compelling investment opportunity amidst its competitive landscape?
This post originally appeared at Money Morning.