12 Best AI Stocks to Invest in According to Reddit

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1. Nebius Group (NASDAQ:NBIS)

Number of Hedge Fund Holders: 66

Nebius Group (NASDAQ:NBIS) specializes in building infrastructure for the global AI industry. It provides AI-centric cloud platforms, large-scale GPU clusters, and developer tools. Additionally, it operates Toloka AI for data services, TripleTen for tech education, and Avride for autonomous driving, which creates a full ecosystem to support AI development and applications.

On February 24, DA Davidson initiated coverage of the company with a Buy rating and a $50 price target. The firm included this company in their DaVinci initiative, which focuses on deep tech companies. It views Nebius Group (NASDAQ:NBIS) as a promising early competitor in the AI compute market, which is currently dominated by hyperscalers.

Nebius Group (NASDAQ:NBIS) focuses on building a major AI infrastructure company. In Q4, the company launched its AI cloud platform and AI Studio (Inference-as-a-Service). It’s expanding GPU clusters in Europe and the US, and planning a new US data center. The company is investing in its data center infrastructure to support the anticipated performance demands of next-generation Blackwell GPUs for its AI cloud services. The company’s AI data service, Toloka, grew revenue by 140% in 2024, adding major AI labs as clients as well.

As we acknowledge the growth potential of Nebius Group (NASDAQ:NBIS), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NBIS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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