7 Best Tech Stocks to Buy Now for the “Vera Rubin” Chip Cycle

Page 2 of 2

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

Number of Hedge Fund Holders: 60

Nebius Group N.V. (NASDAQ:NBIS) ranks among the best tech stocks to buy now for the “Vera Rubin” chip cycle. On June 9, Bank of America analyst Tal Liani boosted Nebius Group’s price target to $280 from $240, noting strong compute needs and a growing strategic technology stack. The upgrade came after Nebius Group N.V. (NASDAQ:NBIS) announced a £1.7 billion upgrade to its UK data center, financed by NVIDIA, as well as a new Physical AI Living Lab initiative for robot startups.

Nebius Group N.V. (NASDAQ:NBIS) has been aggressively expanding of late, attracting major cloud agreements from companies like Microsoft and Meta, a $2 billion investment from Nvidia, as well as new data centers in Europe and the United States.

Furthermore, a day earlier, Nebius Group N.V. (NASDAQ:NBIS) signed a 10-year agreement with Kao Data to install a 22-megawatt AI network at the data center operator’s Harlow facility in the UK. The installation will support the Nebius AI Cloud platform along with its managed inference platform, the Nebius Token Factory.

Nebius Group N.V. (NASDAQ:NBIS) is an AI cloud company that provides full-stack infrastructure, compute, storage, networking, inference, data, and agentic AI services for developers, startups, enterprises, and AI builders.

While we acknowledge the potential of NBIS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NBIS and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Tech Stocks to Buy Now for the “Vera Rubin” Chip Cycle.

Disclosure: None. Follow Insider Monkey on Google News.

Page 2 of 2
1281292 - 11759070 - 1