Is Nebius Group Stock a Buy?

Nebius Group (NASDAQ: NBIS) was once known as Yandex, the online search leader in Russia. However, the sanctions against Russia after its invasion of Ukraine derailed its expansion plans and rattled its overseas investors, and its Nasdaq-listed shares were suspended on Feb. 28, 2022.To reboot its business, Yandex divested its core search engine and other Russian assets, retained its non-Russian business segments; and reinvented itself as a cloud-based provider of artificial intelligence (AI) infrastructure services. It then rebranded itself as Nebius and started trading on the Nasdaq again on Oct. 21, 2024.Nebius' stock resumed trading at $14.29, and it now trades at about $110. It dazzled its investors with its rapid growth and a massive AI deal with Microsoft (NASDAQ: MSFT), but is its stock still worth buying today? Let's review its growth rates and valuations to decide.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool