Nebius Group (NBIS) and Former Bitcoin Miners Initiated as Key AI/HPC Power Providers by JMP, Poised for Value Unlock Amid Scarcity and Strong GPU Cluster Pricing

Nebius Group (NASDAQ:NBIS) is one of the best Reddit stocks to invest in right now. On November 19, Citizens JMP initiated coverage of Nebius with an Outperform rating and $175 price target. This sentiment came out as the firm initiated coverage on five former Bitcoin mining companies, now viewing them as key providers of critically scarce power supply for HPC and AI. Citizens JMP believes that the deployment of GPU clusters presents an opportunity to unlock significant value due to strong pricing trends d ...