Nebius Group N.V. (NBIS) Is Bought After NVIDIA Is Sold, Says Jim Cramer

Nebius Group N.V. (NASDAQ:NBIS) is one of the Jim Cramer Discusses US-China Trade War & These 10 Stocks.

Nebius Group N.V. (NASDAQ:NBIS) is an artificial intelligence company that provides businesses with hardware and software to develop and run AI applications. It was previously the holding company for the Russian search engine platform Nebius Group N.V. (NASDAQ:NBIS) but sold Yandex after US sanctions on Russia after the Ukraine invasion. Nebius Group N.V. (NASDAQ:NBIS)’s shares are up 57% year-to-date and have gained 35% in June so far. The stock has gained on the back of several tailwinds such as a $1 billion capital raise which allows Nebius Group N.V. (NASDAQ:NBIS) to expand its presence in the AI infrastructure market. Cramer discussed the firm in the context of its popularity among younger investors:

“Carl when I talk to younger people, after they mention NVIDIA, they say took the NVIDIA money and they’re buying Nebius. . .”

Later during the day, he discussed Nebius Group N.V. (NASDAQ:NBIS) in Mad Money:

“Okay, I went to their booth when I was out at the conference, the Nvidia GTC conference. I was very impressed. I think they do good things. I didn’t, wasn’t prepared to be impressed frankly, because I like CoreWeave. But let me just tell you how I feel about this Nebius, this stock has… it has an allure. People like it so much. It doesn’t have a lot of people writing about it. It’s very hard for it to disappoint. I’m actually going to say that I think Nebius is going higher. There we go.”

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: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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