|
|
|
|
|||||
|
|
|
We recently published 10 Stocks That Made Millionaires in Just a Week. Nebius Group NV (NASDAQ:NBIS) is one of the best performers in last week’s trading.
Nebius Group surged by 38.09 percent week-on-week, as investors loaded positions after securing an $18 billion cloud computing deal with Microsoft Corp.
On Monday, Nebius Group NV (NASDAQ:NBIS) said it bagged a multi-year agreement with Microsoft Corp. to deliver AI infrastructure to the latter from its new data center in Vineland, New Jersey.
It said it plans to finance the capital expenditure associated with the contract through a combination of cash flow coming from the deal and the issuance of debt.
Additionally, it may tap other financing options to enable significantly faster growth than originally planned. It said it will update the market on its financing strategy in due course.
“Nebius’s core AI cloud business, serving customers from AI startups to enterprises, is performing exceptionally well. We have also said that, in addition to our core business, we expect to secure significant long-term committed contracts with leading AI labs and big tech companies,” said Nebius Group NV (NASDAQ:NBIS) CEO Arkady Volozh.
“I’m happy to announce the first of these contracts, and I believe there are more to come. The economics of the deal are attractive in their own right, but, significantly, the deal will also help us to accelerate the growth of our AI cloud business even further in 2026 and beyond,” he added.
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.
| 4 hours | |
| 4 hours | |
| 4 hours | |
| 4 hours | |
| 9 hours | |
| Sep-14 | |
| Sep-12 | |
| Sep-12 | |
| Sep-12 | |
| Sep-12 | |
| Sep-12 | |
| Sep-12 | |
| Sep-12 | |
| Sep-11 | |
| Sep-11 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite