Why Nebius Group N.V. (NBIS) Is Among the Top Performing Stocks on Wednesday?

We recently published a list of The Top 10 Performing Stocks on Wednesday. In this article, we are going to take a look at where Nebius Group N.V. (NASDAQ:NBIS) stands against other top performing stocks on Wednesday.

Wall Street’s three major indices finished in the green territory on Wednesday as investors continued to digest news of President Donald Trump’s tariff rollout on imports.

The tech-heavy Nasdaq finished the day strongest, adding 0.87 percent. The S&P 500 grew 0.67 percent, while the Dow Jones was up 0.56 percent.

Ten individual stocks mirrored a broader market optimism, closing the day in the green amid a series of corporate developments that sparked buying appetite.

In this article, we named Wednesday’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume.

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Nebius Group N.V. (NASDAQ:NBIS)

Nebius Group N.V. (NASDAQ:NBIS) rallied for a second day on Wednesday, adding 7.76 percent to close at $24.45 apiece as investors resorted to bargain-hunting amid a 25-percent drop in last month’s valuation.

In recent news, Nebius Group (NASDAQ:NBIS) announced developments to boost the adoption and support of Artificial Intelligence, including a tie-up with the Stevens Institute of Technology for the launch of the Laboratory for AI in Mathematics Education at Stevens in Hoboken, New Jersey.

With the aim of exploring and promoting innovative AI uses in math research and education, Nebius (NASDAQ:NBIS) said the new laboratory will investigate how large language models (LLMs) and other AI technologies can be used to promote mathematical reasoning skills and transform teaching practices.

Additionally, the company announced its role as an early adopter cloud provider of the NVIDIA Blackwell Ultra platform offering NVIDIA GB300 NVL72-powered instances by the end of 2025. The instances were said to be accelerated by 72 NVIDIA Blackwell Ultra GPUs.

Nebius (NASDAQ:NBIS) said it plans to make NVIDIA Blackwell GPU capacity generally available to its US data centers by the second quarter of the year, with its New Jersey data center expected to be exclusive to the platform’s GPUs. Meanwhile, its facility in Kansas will deploy NVIDIA HGX B2000.

Overall, NBIS ranks 10th on our list of top performing stocks on Wednesday. While we acknowledge the potential of NBIS as an investment, our conviction lies in the belief that some 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 as promising as NBIS but 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.

Disclosure: None. This article is originally published at Insider Monkey.