Nebius Group (NBIS) perpetual market

Nebius Group is a technology company focused on building cloud infrastructure for artificial intelligence, providing the computing power, particularly GPU capacity, that companies use to train and run AI models. It emerged from the restructuring of Yandex, the Russian internet company, as international assets were separated from the Russian business following the war in Ukraine, and it relisted with a focus on AI infrastructure outside Russia. Nebius builds and operates data centers equipped with large numbers of high-end accelerators and rents that capacity to AI developers, competing in the fast-growing market for specialized AI cloud services. It also holds interests in other technology ventures. As demand for AI computing surges and access to advanced chips remains a bottleneck, Nebius has positioned itself as one of the newer entrants supplying that capacity, and its stock is watched as another way to gain exposure to the buildout of AI infrastructure.