Nebius, a new AI “neocloud” backed by Nvidia, nearly doubled its shares in the first half of 2025, rising 99.7%. The company, a revamped version of Yandex, invested in an AI company backed by Jeff Bezos. Nebius saw hypergrowth and reported impressive revenue and margin growth in May, with a goal to reach between $750 million and $1 billion in annualized recurring revenue by the end of 2025. The company made a majority investment in Toloka, an expert data provider to AI companies, and received a strong endorsement from Arete Research, with a $84 price target.

Read more at Yahoo Finance: Here’s Why Nebius Group Nearly Doubled in the First Half of 2025