Jim Cramer Highlights Nebius "Has Some Good Contacts and a Relationship With Microsoft"

Nebius Group N.V. (NASDAQ:NBIS) is one of the stocks Jim Cramer recently commented on. Cramer discussed the NBIS stock’s rally despite losing money. He said:

“But then there’s a company like Nebius… which has some good contacts and a relationship with Microsoft, but it loses a lot of money, yet its stock’s rallied more than 308% for the year. Ow.”

Nebius Group N.V. (NASDAQ:NBIS) develops full-stack infrastructure for AI, including GPU clusters, cloud platforms, and developer tools. In addition, it provides Toloka for generative AI data, TripleTen for technology reskilling, and Avride for autonomous driving solutions. Cramer discussed the stock in the September 9 episode and said:

“Sometimes, though, you have a winner right in front of your face and you don’t realize it. When I was at NVIDIA’s big GTC conference… I was checking out the booth of all those companies that were working with Nvidia installing product into the data centers… At the end of the hall in what seemed to me to be a pretty empty booth… this company, Nebius, is a data center builder like CoreWeave. I felt bad for them, like no one was paying any attention to them, so I asked what they did. I sauntered it over there. They filled me in. They were going to be a part of the power solution. I thanked them. Never really thought about it again until yesterday when the company won a $17 billion contract to build a data center for Microsoft in Vineland, New Jersey… Sure enough, Nebius, which had been creeping up, vaulted from $64 to nearly $96 today in a colossal move. Nebius, it turns out, used to be a part of Yandex, a controversial Russian story. Spun out from Yandex, Nebius is controversial no more. It’s just electric, literally.”

While we acknowledge the potential of NBIS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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