Is Nebius Stock a Buy Now?
Nebius Group (NASDAQ: NBIS) has been one of the most exciting stock market stories of the year so far. The company operates in the red-hot growth space of artificial intelligence (AI), offering AI customers something they need more than anything else right now: access to compute to run their workloads.
These customers have rushed to Nebius, and that's resulted in soaring revenue in recent times. The stock price has followed, with Nebius surging more than 300% this year. You might worry, though, that after such an increase, the most lucrative part of this story for investors may be in the past. Still, we're in the early stages of AI growth as players continue to build out infrastructure and are just getting started when it comes to actually applying AI to real world situations.
Against this backdrop, is Nebius stock a buy now? Let's find out.
Source Fool.com
