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Nebius Group Stock Climbs
Nebius Group (NASDAQ: NBIS) shares surged 50.6% in June, building on a 62% increase in May, as optimism around AI technology reignites. An analyst’s recommendation favored Nebius over its competitor, CoreWeave (NASDAQ: CRWV), contributing to the stock’s rise.
On June 5, Andrew Beale from Arete Research issued a “Buy” rating for Nebius with a price target of $84, while rating CoreWeave as “Neutral.” Both stocks are expected to be influenced by the global supply of graphics processing units (GPUs), but Beale noted Nebius’s advantageous lower valuation and significant net cash of approximately $1.44 billion against CoreWeave’s $6.2 billion in net debt.
Nebius differentiates itself by building its own data center infrastructure, unlike CoreWeave, which relies on third-party servers. As the demand for AI infrastructure grows, both companies are positioned to benefit significantly.
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