11 Stocks That Will Go to the Moon According to Reddit

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2. Nebius Group N.V. (NASDAQ:NBIS)

Analyst Upside as of January 14, 2025: 115%

Number of Hedge Fund Holders: N/A

Nebius Group N.V. (NASDAQ:NBIS) is one of the stocks expected to go to the moon according to Reddit. NBIS is a crucial stakeholder contributing to the AI revolution. The company runs an AI cloud platform that is capable of managing the most complex AI workloads. On November 19, 2024, the company announced that is it set to build its first NVIDIA GPU cluster in the United States, scheduled to be fully functional in the first quarter of 2025. Consequently, NBIS has accelerated its expansion into the US by making more offices, aligning with its goal of becoming a leader in AI infrastructure.

On January 13, Hamed Khorsand, analyst at BWS Financial initiated coverage on NBIS with a buy rating and set a price target of $51. Khorsand is bullish on the stock, and believes that Nebius Group N.V. (NASDAQ:NBIS) is poised to benefit from the growing demand for AI. The analyst also added the status quo will not only benefit the group but every company it owns.

The company is indeed benefiting from the AI wave. In the third quarter of 2024, Nebius Group N.V. (NASDAQ:NBIS) saw a 1.7 times increase in revenue from the previous quarter, driven by rapid growth for the company’s AI infrastructure business, which also grew at 2.7 times compared to the previous quarter and 6.5 times compared to the same period in 2023.

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