Is This AI Stock Growing 10x the Most Undervalued AI Stock (No, It's Not Nvidia)?
Briefly

Nebius Group, formerly Yandex, has emerged as an appealing opportunity in the AI sector, projecting an ARR of up to $1.1 billion for the year, marking a significant increase from $117.5 million in 2024. This Netherlands-based technology company specializes in constructing full-stack infrastructure for AI and serves a diverse clientele including startups and research institutes. Unlike Nvidia, which focuses on chip production, Nebius is building large-scale GPU clusters and cloud platforms essential for AI innovation. This unique positioning may position Nebius as a significant contender in the evolving AI market.
Nebius Group expects an ARR of up to $1.1 billion for 2024, showcasing remarkable growth from $117.5 million previously, indicating its significant potential in the AI sector.
With its focus on constructing full-stack infrastructure for AI, Nebius Group distinguishes itself from Nvidia, as it provides essential support through large-scale GPU clusters and developer tools.
Read at 24/7 Wall St.
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