From Yahoo Finance: 2025-05-12 23:11:00

The stock market surged after the US and China agreed to a 90-day tariff truce, with the Nasdaq leading gains at 4.85%, followed by the S&P 500 at 3.26% and the Dow Jones at 2.81%. Ten companies saw double-digit increases, including Nebius Group N.V. (NBIS) jumping 17.93% on news of potential funding for subsidiary ClickHouse.

Reports reveal that ClickHouse is in talks to raise significant funds to expand in the data analytics market, prompting a “buy” recommendation from DA Davidson for Nebius Group N.V. (NBIS) with a target price increase to $35. Additionally, billionaire Jeff Bezos invested in subsidiary Toloka, indicating growth potential in the AI data solutions sector.

Despite Nebius Group N.V. (NBIS) ranking 6th in stocks that soared by double digits, investors are advised to consider promising AI stocks with potential for higher returns in a shorter timeframe. A report highlights an AI stock trading at less than 5 times its earnings, offering a more attractive investment opportunity compared to NBIS.

Read more: Why Nebius Group N.V. (NBIS) Soared Today