Core Insights - Nebius Group N.V. (NASDAQ:NBIS) is recognized for its full-stack AI infrastructure development, including GPU clusters and cloud platforms, and has established tools and services for AI development [1] - The stock has experienced a significant rally of over 308% year-to-date, despite the company reporting substantial losses [1] - Nebius recently secured a $17 billion contract to build a data center for Microsoft in Vineland, New Jersey, which has contributed to a sharp increase in its stock price from $64 to nearly $96 [1] Company Overview - Nebius Group N.V. was previously part of Yandex and has transitioned to focus on AI infrastructure, distancing itself from its controversial origins [1] - The company has developed relationships with major players in the industry, including Microsoft, which enhances its market position [1] Market Commentary - Jim Cramer highlighted Nebius as one of the key players in the AI infrastructure space, alongside IREN and CoreWeave, indicating a positive outlook for future contracts [1] - Cramer noted the potential for significant returns if investors buy during stock dips, particularly when new contracts are announced [1]

Group 1 - Nebius Group N.V. signed a $17.4 billion AI infrastructure deal with Microsoft Corp on September 8, leading to a stock surge of over 100.5% since the announcement [1][2] - The deal involves Nebius providing Microsoft with GPU infrastructure capacity for over 5 years, which is expected to accelerate Nebius's AI cloud business growth in 2026 and beyond [2] - Goldman Sachs raised the price target on Nebius from $120 to $137 while maintaining a Buy rating, highlighting the company's focus on AI infrastructure development [3] Group 2 - Nebius Group N.V. specializes in developing and operating infrastructure for artificial intelligence applications, offering cloud platforms, GPU clusters, and AI development tools for various industries [3]