Shares of NEBIUS (NBIS), a leading provider of cloud computing services and semiconductor solutions, surged 5.05% on Tuesday. The stock's rally was fueled by a positive analyst report from BWS Financial, which maintained a Buy rating on the company and highlighted its growth prospects in artificial intelligence (AI) and graphics processing unit (GPU) segments.
According to Hamed Khorsand, an analyst at BWS Financial, NEBIUS is well-positioned to capitalize on the increasing demand for AI and high-performance computing solutions. The company's AI cloud platform and ongoing GPU expansion initiatives are expected to drive significant revenue growth in the coming years.
Khorsand noted, "NEBIUS's AI cloud platform is a game-changer in the industry, offering unparalleled performance and scalability for AI workloads. Additionally, their strategic investments in GPU technology will further strengthen their position in the rapidly growing AI and high-performance computing markets."
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