Already Up Around 240% This Year, Is It Too Late to Buy Nebius Stock?
Nebius, a fast-growing AI cloud company, has taken off like a rocket this year.
Already Up Around 240% This Year, Is It Too Late to Buy Nebius Stock?
Overview
Buying a stock in the midst of a red-hot rally can be risky because it may eventually run out of steam. It's particularly concerning when the valuation has already gotten out of control and no longer has a grounding in fundamentals.
That's the scenario that investors find themselves in with Nebius Group (NASDAQ: NBIS). The tech stock is up around 240% this year. It's generated incredible growth, attracted an investment from Nvidia, and still offers attractive long-term opportunities, but there's no denying the stock has become expensive.
Details
Is the stock still a good buy right now, or are you better off just putting Nebius on your watch list?
Source
Originally published at www.fool.com.
