Could Nebius Stock Be a 10X Investment?
Investing in smaller, up-and-coming companies can sometimes result in significant returns for investors down the road. However, these types of investments typically involve much more risk.
One AI stock that has gotten a lot of attention of late is Nebius Group (NASDAQ: NBIS), which provides companies with access to cloud infrastructure that can help train data models. Its valuation has already swelled to a market cap of around $33 billion, after soaring by 350% in the past 12 months. Recently, tech giant Nvidia announced it would be investing $2 billion into the company, which has given it a further boost, as it's a sign of confidence that the business could, in fact, be the real deal.
With a relatively modest valuation, loads of potential in building out artificial intelligence (AI) infrastructure, and Nvidia a key backer in its operations, could Nebius stock end up being a 10x investment?
Source Fool.com
