Nebius Group (NBIS) drops 9.07% after hitting all-time high

Nebius Group N.V. (NASDAQ:NBIS) saw a 9.07% drop in share prices on Tuesday, closing at $50.31 per share after reaching an all-time high the day before. Traders engaged in profit-taking, adjusting portfolios ahead of key economic developments.

Jim Cramer expressed bullish sentiment on Nebius Group N.V. (NASDAQ:NBIS), predicting the company’s stock will continue to rise. Additionally, Nebius Group recently partnered with Saturn Cloud to offer an AI/ML infrastructure solution utilizing NVIDIA Hopper GPUs.

The collaboration between Nebius Group and Saturn Cloud provides a cost-effective AI cloud solution, enabling users to access Jupyter notebooks and IDEs, run jobs, and manage cloud resources on NVIDIA Hopper GPUs. This service offers significant savings compared to traditional cloud providers.

While Nebius Group (NBIS) shows investment potential, other AI stocks may offer higher returns with less downside risk. For those seeking a budget-friendly AI stock with growth potential, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Nebius Group (NBIS) Drops 9.07% on Profit-Taking After All-Time High