Nebius (NBIS), which provides artificial intelligence (AI) services and infrastructure to data centers, recently announced that it has been chosen by Israel to launch and manage the country's supercomputer system. Given this deal and other agreements that Nebius has made, it's clear that the company has top-notch technology, and the firm is well-positioned to benefit tremendously from the continued rapid growth of AI. Nonetheless, its valuation is rather high. And at a time when investors' enthusiasm for ...