Why Nebius Group NV (NBIS) Is Skyrocketing Today?

We recently published a list of 10 Stocks Skyrocketing Today. In this article, we are going to take a look at where Nebius Group NV (NASDAQ:NBIS) stands against other stocks that are skyrocketing today.

The stock market ended mixed on Wednesday, with the Dow Jones emerging as the sole decliner, as investors digested more news of tariff threats from President Donald Trump.

The Dow dropped by 0.20 percent, while the S&P 500 and Nasdaq clocked in gains of 0.49 percent and 1.22 percent, respectively.

Meanwhile, 10 companies, predominantly those riding the AI wave, were touted as investors’ haven, clocking in gains during a cautious trading session.

In this article, we have identified the 10 strongest firms on Wednesday and detailed the reasons behind their performance.

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

A close-up of a busy executive’s hand tapping the screen of a digital device, signifying the development of a digital retail banking solution.

Nebius Group NV (NASDAQ:NBIS)

Nebius Group snapped a two-day losing streak on Wednesday, growing 11.59 percent to end at $28.40 apiece as the company benefited from investor funds’ shift to AI stocks to mitigate the risks of the ongoing trade war.

Additionally, investor confidence was boosted by the company’s partnership with 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, 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.

“We strongly believe that the math research process will soon change by accepting AI’s assistance in proposing scientific hypotheses, proving theorems, and verifying proofs. This will introduce AI-assisted experimentation in math research and free up scientists from routine technical tasks, giving them more time for meaningful exploration,” said Elena Bunina, Head of Nebius Academy.

Overall, NBIS ranks 3rd on our list of stocks that are skyrocketing today. 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 more promising than NBIS but 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.