Nebius Stock Has Made a Big Move. This Artificial Intelligence (AI) Stock Could Be Next.

Nebius Holdings (NASDAQ: NBIS) stock took off on Sept. 9, rising almost 50% in a single day after it emerged that the cloud artificial intelligence (AI) infrastructure provider has landed a massive contract with Microsoft (NASDAQ: MSFT) that's going to supercharge its growth for years to come.For a company that has clocked $250 million in revenue in the past four quarters, the $19.4 billion contract from Microsoft that will run until 2031 is definitely a big deal. The tech giant has given Nebius such a lucrative deal to gain access to the latter's New Jersey data center. This is a dedicated AI data center powered by graphics processing units (GPUs), and Microsoft is going to use the same for handling AI workloads.However, Nebius is not the only dedicated AI cloud infrastructure company out there. There is another company that's been in fine form on the stock market this year, is growing at a solid pace, has a terrific backlog, and is cheaper than Nebius from a valuation perspective.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool