New AI company to create wonders?
A new AI infrastructure company has now been gained the necessary traction, as the company, Nebius Group, has seen its stock performance form recover within a short time. Many however claimed that Nebius rejoined the Nasdaq exchange after a three-year hiatus, which could be the primary driving factor.
Who is the owner of the AI stock, Nebius?
The Russian company Yandex was the previous owner of Nebius. After Russia invaded Ukraine, the US imposed sanctions on companies linked to Russia, leading to the complication of Yandex at Wall Street. However, earlier this year, Yandex split off its international assets in a deal worth billions. Nebius was also compromised in this particular international trade off.
Nebius Group’s surge is backed by their work, as they offers AI-as-a-service, providing companies and developers with AI models with access to graphics processing unit (GPU) clusters and a cloud platform system. These are currently the core and future of the world of computer science and technology., and the company has it all under one roof.
FAQs:
What are Magnificent 7 stocks?
The Magnificent Seven stocks are a group of seven high-performing assets, including the likes of Alphabet, Amazon, Meta Platforms and many more.
Has the US stock market crashed?
No, the US stock market has not crashed in recent while, and has instead been on a major bull run for a major part of two years now.
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