Here's Why Nebius Group Nearly Doubled in the First Half of 2025
Shares of Nebius Group (NBIS -4.57%) nearly doubled in the first half of 2025, rising 99.7% through June 30, according to data from S&P Global Market Intelligence.Nebius is a "new" version of an old company called Yandex, which had been known as the "Russian Google." After Russia invaded Ukraine in 2022, Yandex divested its Russian assets, reheadquartered in Amsterdam, and then went about using its data center expertise to build a European artificial intelligence (AI) "neocloud" in the vein of CoreWeave (CR ...