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Why Nebius Group Rocketed 50.6% in June

TheMotleyFool

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Why Nebius Group Rocketed 50.6% in JunePhoto, wide shot, wide-angle lens, Data analytics provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d1295d04-cceb-4f1c-be2b-32ca46621336.png

Shares of artificial intelligence (AI) neocloud Nebius Group (NASDAQ: NBIS) rocketed 50.6% in June, according to data from S&P Global Market Intelligence.

Neoclouds and other AI-related stocks had great months in June in general, as the sector not only recovered from the April "Liberation Day" plunge, but also saw continued bullish data and statements from major tech CEOs on the growth of AI.

In addition, one analyst wrote a note comparing Nebius to one of its main neocloud rivals, CoreWeave (NASDAQ: CRWV), preferring Nebius over its better-known competitor.

Source Fool.com

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