Is Nebius Group a Millionaire-Maker Stock?
Generative artificial intelligence (AI) is still the biggest technology hype cycle of the last few years. And with shares up by 390% since the start of 2025, Nebius Group (NASDAQ: NBIS) is a clear beneficiary of industry momentum. But is it a millionaire maker? Let's dig deeper into the company's strategy and fundamentals to decide if it's a good buy.
The Russian economy was hit with devastating sanctions after it invaded Ukraine in 2022. This situation made it incredibly difficult for Russian multinationals like Yandex to operate. The company's shares were delisted from the that same year. And in 2024, it inked a deal to divest its entire Russian business to refocus on Western European markets through a rebranded entity called Nebius Group.
But while the old Yandex operated a diversified business model that included search, finance, and other verticals, Nebius focuses on AI infrastructure and cloud computing. It runs large clusters of graphics processing units (GPUs) in order to "rent out" computing power to start-ups and other more consumer-facing enterprise clients.
Source Fool.com
