Jim Cramer Shares Major Event For Nebius Group (NBIS) Stock

Core Insights - Nebius Group N.V. (NASDAQ:NBIS) has gained 247% year to date, attracting attention for its speculative nature and partnerships, particularly with Microsoft and Uber [2][3]. Company Overview - Nebius Group N.V. is noted for its strong contracts and relationships, particularly with Microsoft, although it continues to report losses [2]. - The company recently announced a partnership with Uber to invest $375 million in an autonomous delivery venture [2][3]. Market Events - A significant event for Nebius Group is the upcoming lockup expiration on October 26, which could impact stock performance as early investors may sell their shares [3]. - Jim Cramer likened Nebius to a smaller-scale version of Michael Dell, emphasizing the importance of the lockup expiration in the current market context [3]. Investment Considerations - While Nebius Group shows potential, there is a belief that other AI stocks may offer better returns with lower risk [3].