$NEBIUS(NBIS)$ 🤖🤖🤖 Has potential!
Wait for a dip. Nice initial IPO price $16+ I'm always skeptical of low IPO prices but this one hit the mark. One to watch! They like to run these 🤖🤖🤖 AI stocks up. It may keep tracking up. Need to do some more DD. Anyone in on this one?
Source: Investors Business Daily
AI infrastructure player Nebius Group (NBIS) is raising $700 million through a private placement from a group of investors that includes Nvidia (NVDA). Nebius stock jumped on the news.
The Netherlands-based Nebius Group said in a news release that the funding will support additional capacity for its plan to offer cloud-based computing power for training and running AI models. Other investors in the deal include venture capital firm Accel and accounts managed by Orbis Investments.
Will This Software Leader's AI Agents Lift Stock To New Highs? Earnings May Tell.
Nebius Group stock restarted trading in late October following a nearly three year hiatus, imposed as part of sanctions on Russia-affiliated companies following Russia's invasion of Ukraine. The company was formerly part of Yandex, known as the Google of Russia. But Nebius reemerged in July, following a $5.4 billion deal that split Yandex's Russian and international assets. The Nebius Group is based in Amsterdam and led by former Yandex CEO Arkady Volozh.
On the stock market today, Nebius stock jumped more than 17% to close at 25.75.
Nebius Group: AI Infrastructure Focus
Nebius previously announced plans to invest $1 billion in developing AI-related infrastructure in Europe, which it rents to other enterprises. The firm is competing with cloud-computing giants such as Amazon (AMZN) and Microsoft (MSFT), among others.
Nebius is also expanding to the U.S. The company last month announced the launch of its first data center with Nvidia GPUs in Kansas City. The firm is also in "advanced discussions" for a second GPU cluster in the U.S. that it hopes will come online next year. It also has a large-scale data center in Finland.
"We have demonstrated the scale of our ambitions, initiating an AI infrastructure build-out across two continents," Volozh said in a news release Monday. "This strategic financing gives us additional firepower to do it faster and on a larger scale. I'm grateful to our investors for the trust they have placed in us – our team is ready to deliver."
In a statement, Nebius said the private placement will include roughly 33.3 million class A shares priced at 21.00, which represents an approximately 3% premium to the stock's average price since it began trading in October.
Along with the deal, Nebius raised its sales outlook. The company now expects its annualized revenue run rate to reach between $750 million and $1 billion by the end of 2025, up from previous guidance of $500 million to $1 billion.
Happy trading ahead! Cheers BC 🍀🍀🍀
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Based on the information available, here are some key points regarding Nebius Group (NBIS):
Nebius Group is an AI infrastructure player that offers cloud-based computing power for training and running AI models.
The company recently raised $700 million through a private placement from a group of investors that includes Nvidia (NVDA), Accel, and accounts managed by Orbis Investments.
The funding will support additional capacity for Nebius Group's plan to expand its AI infrastructure build-out across two continents.
Nebius Group was formerly part of Yandex, known as the Google of Russia, and reemerged in July following a $5.4 billion deal.
The company aims to accelerate its global rollout of AI infrastructure, including GPU clusters, cloud platforms, and developer tools.
Nebius Group recently announced the launch of its first data center with Nvidia GPUs in Kansas City and is in advanced discussions for a second GPU cluster in the U.S.
The company has a large-scale data center in Finland and aims to reach an annualized revenue run rate of $750 million to $1 billion by the end of 2025.
Regarding the stock movement of Nebius Group (NBIS), there is no specific news article available that directly explains the recent movement. It is important to note that stock movements can be influenced by various factors, including news releases, market sentiments, and capital flow. In this case, the movement may be due to stock capital flow.
Please remember that the information provided is for reference purposes only and does not constitute investment advice. It is always recommended to conduct further research and analysis before making any investment decisions. If you require more detailed information, I suggest reaching out to the customer service center of Nebius Group for additional clarification.
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