Top 9 Latest AI News Updates Investors Shouldn’t Miss

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1. Nebius Group NV (NASDAQ:NBIS)

Number of Hedge Fund Followers: 66

Nebius Group NV (NASDAQ:NBIS) is a tech firm that builds AI infrastructure to support the rapidly growing AI industry. They develop full-stack infrastructure, including GPU clusters and AI-centric cloud platforms, using proprietary software architecture and in-house-built hardware to support heavy AI workloads.

On March 5th, Nebius Group NV (NASDAQ:NBIS) announced the construction of a new data center in New Jersey with a capacity of up to 300 MW as part of plans to expand its footprint in the US markets and become a leading AI infrastructure provider. The company also announced incremental data center capacity additions in Kansas City and a new colocation deployment in Keflavik, Iceland as it builds out more AI infrastructure across Europe. These additions will significantly contribute to the firm’s planned expansion of installed capacity in the US and Europe in 2025.

“Our first major data center in the US clearly advances our strategic goal of expanding our footprint in the American market as we continue building Nebius into a leading global AI infrastructure provider. This site has the potential to host dedicated large-scale instances, and we have considerable flexibility to accelerate our deployment plans as and when we need to. With New Jersey, we now have secured expansion capacity to over 400 MW. And we are actively reviewing options to extend this pipeline further as we seek to grow aggressively to multiples of where we are today.”

-said Arkady Volozh, founder and CEO of Nebius Group NV.

While we acknowledge the potential of Nebius Group NV (NASDAQ:NBIS) as an investment, our conviction lies in the belief that 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.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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