We recently published a list of Top 10 AI News You Should Pay Attention To. In this article, we are going to take a look at where Nebius Group N.V. (NASDAQ:NBIS) stands against other top AI news you should pay attention to.
LinkedIn co-founder Reid Hoffman said in a latest program on CNBC that the DeepSeek breakthrough was not “news” for him and many tech insiders as he believed sooner or later more efficient models would be launched. However, he sees China’s rise in the AI race as surprising:
“I do think that the thing that is news is, well, look, as we’ve been saying, China is in the game. This is actually, in fact, a game-on competition, and it was resoundingly demonstrated that way. There is good, useful work that comes out of it.”
The tech investor believes efficiency will lead to more use cases and usage:
“Say, for example, you can train a model on a thousand GPUs, but you can make it much better on 10,000 GPUs. You will, in a lot of cases, always spend for the 10,000 GPUs or the 100,000 GPUs because if your coding model is even 20% better with that and you think that there are billions of people who could be using and engaging with that around the world, that’s actually worth it at that kind of cost. So, the fact that you’re trying to do efficiency — that’s a good thing. All of the American companies will also get to points where they’re focusing on efficiency. I think there are things that we can learn from some of the stuff the Chinese are doing.”
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For this article, we picked 10 AI stocks currently making moves on the back of the latest news. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
Nebius Group N.V. (NASDAQ:NBIS)
Number of Hedge Fund Investors: N/A
Alger’s Ankur Crawford in a latest program on CNBC talked about what she believes is an under-the-radar AI data center stock. Here is how she made the case for the Dutch technology company Nebius Group N.V. (NASDAQ:NBIS):
“Nebius Group N.V. (NASDAQ:NBIS) is a really interesting under-the-radar play. I call it under the radar because it actually has almost no coverage on the street. It used to be the former management of Yandex, which was the Google of Russia. They’ve basically corralled them and started a new company called Nebius. Nebius Group N.V. (NASDAQ:NBIS) is an AI data center play. In November of last year, NASDAQ called them and said, “We’re basically listing you in three days,” so they never actually got the chance to do an IPO roadshow and are now kind of meeting with investors. What I love about this is that it’s effectively a public CoreWeave. There is no other way to play an enterprise-type data center. They have a global footprint, expanding rapidly in the U.S. with some of the best engineers in the world.”
Overall, NBIS ranks 10th on our list of top AI news you should pay attention to. While we acknowledge the potential of NBIS, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher 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.
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Disclosure: None. This article is originally published at Insider Monkey.
