10 AI Stocks Jim Cramer and Analysts are Watching

2. Nebius Group N.V. (NASDAQ:NBIS)

Average Upside Potential: 39.69%

Number of Hedge Fund Holders: 51

Nebius Group N.V. (NASDAQ:NBIS) is one of the 10 AI stocks that Jim Cramer and analysts are watching. On June 16, DA Davidson raised its price target on NBIS shares to $55 from $50 and maintained a Buy rating. The firm noted that Meta’s $14.3 billion investment in Scale AI is shifting the competitive landscape by reducing Scale AI’s availability to other clients. In this context, DA Davidson stated it has increased confidence in Toloka’s ability to gain market share.

On June 10, BWS Financial increased its price target on NBIS stock to $80 from $60 and reiterated a Buy rating. The analyst stated that the company plans to establish a data center presence in the United Kingdom, one week after securing $1 billion through a convertible debt offering. The firm noted that with the market shifting focus to 2026, it expects the stock’s valuation to start reflecting projections for the following year.

Additionally, when Cramer was asked about the company on June 10, he remarked:

“Okay, I went to their booth when I was out at the conference, the Nvidia GTC conference. I was very impressed. I think they do good things. I didn’t, wasn’t prepared to be impressed frankly, because I like CoreWeave. But let me just tell you how I feel about this Nebius, this stock has… it has an allure. People like it so much. It doesn’t have a lot of people writing about it. It’s very hard for it to disappoint. I’m actually going to say that I think Nebius is going higher. There we go.”

Nebius (NASDAQ:NBIS) develops full-stack infrastructure for AI as it provides GPU clusters, cloud platforms, and developer tools. The company’s operations include AI data services, autonomous driving systems, and education platforms focused on technology careers.