Nebius Group N.V. (NBIS) Is A Builder, Says Jim Cramer

We recently published 14 Latest Stocks on Jim Cramer’s Radar. Nebius Group N.V. (NASDAQ:NBIS) is one of the stocks Jim Cramer recently discussed.

Nebius Group N.V. (NASDAQ:NBIS)’s shares jumped by an unbelievable 49% after Microsoft announced a $17.4 billion deal with the firm. This deal will see Nebius Group N.V. (NASDAQ:NBIS) supply computing infrastructure to the largest software company in the world. Microsoft’s investment saw investors gain confidence in the firm’s business model, which resembles infrastructure provider CoreWeave. Cramer commented on Nebius Group N.V. (NASDAQ:NBIS)’s similarity to CoreWeave and recalled how he visited the firm’s tiny booth at an NVIDIA conference:

“Well Nebius is, I went at the big NVIDIA conference and they were like this little booth and I said how you guys doing?

“Well because the principle reason why we think that, the only real reason why right now NVIDIA orders could slow is because the power consumption. So then you have deals like this and that’s addressing the power consumption.

“[On whether Nebius was a similar company to CoreWeave] Yes it is. And by the way, CoreWeave, and Nebius, these are builder, okay. And they also repair people. And I know that that sounds very pedestrian. But they break, the racks break and the reason why CoreWeave is known as being great is because they are Johnny on the spot, it sounds silly, but they are.”

Here are Cramer’s previous thoughts about Nebius Group N.V. (NASDAQ:NBIS):

“Look, I totally get Nebius Group, but I am through and through a CoreWeave person. And because I’m a CoreWeave person, can’t own them both, but we got, we kicked the tires on Nebius, and we went all in CoreWeave, and I’m not going to change my view.”

While we acknowledge the potential of NBIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.