Here's What $1,000 Invested in Nebius Could Be Worth by 2030
The neocloud company could still have plenty of room to grow.
Overview
Nebius (NASDAQ: NBIS) underwent a remarkable transformation over the past four years. The Netherlands-based company was previously known as Yandex, which owned Russia's top search engine and other associated apps. However, the sanctions imposed on Russia in 2022 forced it to divest all its Russian assets. Its NASDAQ-listed YNDX shares were also halted.
After selling Yandex's eponymous search engine and Russian apps to a consortium of Russian investors, it rebranded itself as Nebius and became a cloud-based AI infrastructure company. Its stock resumed trading on Oct. 21, 2024, under its new NBIS ticker symbol.
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Details
Source
Originally published at www.fool.com.
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