Nebius: The 350% Soaring AI Cloud Stock Taking on Amazon – What Investors Should Know
Background: From Yandex to Nebius – A New AI Cloud Contender Nebius Group’s journey is unconventional. The company originated as Yandex N.V., the Netherlands-based parent of Russia’s largest tech firm (often called “Russia’s Google”). In 2022, Yandex’s Nasdaq-listed shares were suspended due to sanctions after Russia’s Ukraine invasion en.wikipedia.org. Fast forward to 2024: Yandex’s founder Arkady Volozh, who had publicly condemned the war, led a dramatic restructuring. Yandex sold off all its Russian businesses to local investors, and the remaining international divisions were reborn as Nebius Group, refocusing entirely on artificial intelligence ventures en.wikipedia.org en.wikipedia.org. In October 2024, the ticker