Jim Cramer on Nebius: “Let It Come Down”

Nebius Group N.V. (NASDAQ:NBIS) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. A caller sought Cramer’s thoughts on the stock, and he stated:

Okay, until this market turned ugly, Nebius was one of my favorite stocks. Now, I gotta pull back because the facts of this entire market have changed. It’s no longer got the right coloration to be able to speculate on Nebius. Let that… come down, and then we’ll take a look. Let it come down.

A stock market chart. Photo by Arturo A on Pexels

Nebius Group N.V. (NASDAQ:NBIS) provides AI-focused infrastructure, including GPU-based cloud platforms and tools that support the development of advanced models. Cramer highlighted NVIDIA’s investment in the company during the May 8 episode, as he commented:

Wednesday, we hear from a company called Nebius, and that’s a company that NVIDIA poured $2 billion into because they want Nebius to help develop knowledge factories. This is a big deal for this relatively unknown AI company, and it’s part of a constellation that NVIDIA’s put together to ensure that clients can take advantage of NVIDIA’s best chips.

While we acknowledge the risk and 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 and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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