Prediction: Nebius Stock Will Surge 95% in a Year, According to Wall Street. Should You Buy It Before Nov. 12?
The Motley Fool · Harsh Chauhan ·
The recent slide in Nebius stock is an opportunity for investors to buy a top stock at an attractive valuation before it steps on the gas.
Neocloud infrastructure provider Nebius Group (NBIS -14.95%) has witnessed a turbulent time on the stock market in recent months, with shares of the company dropping 50% since reaching a 52-week high on June 22.
The sharp decline in Nebius can be attributed to the declining confidence in artificial intelligence (AI) stocks lately. Hotter-than-anticipated inflation, the high cost of borrowing to fund the AI infrastructure build-out following the Federal Reserve's September interest rate hike, and concerns about the viability of huge investments in AI data centers have taken a toll on AI infrastructure stocks in recent months.
Nebius has been caught in this negativity as well. However, things could change when Nebius releases its third-quarter results on Nov. 12. Let's look at the reasons why Nebius' fortunes can change next week.
Read the full story at The Motley Fool · All coverage of this story