<p><strong>Nebius Group</strong>(NBIS 4.54%) 迄今为止是今年最令人兴奋的股市故事之一。该公司在人工智能（AI）这一炙手可热的增长领域运营，为 AI 客户提供他们目前最需要的东西：访问计算资源以运行他们的工作负载。</p>
<p>这些客户纷纷涌向 Nebius，导致最近收入飙升。股价也随之上涨，Nebius 今年上涨超过 300%。不过，你可能会担心，在如此大幅上涨之后，投资者最有利可图的部分可能已经过去。然而，我们仍处于 AI 增长的早期阶段，各大参与者继续建设基础设施，并刚刚开始将 AI 应用于现实世界的情况。</p>
<p>在这种背景下，Nebius 的股票现在值得购买吗？让我们来看看。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mzc0OTQvZ2V0dHlpbWFnZXMtaW52ZXN0b3ItdXNlcy10YWJsZXQtYW5kLXBob25lLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mzc0OTQvZ2V0dHlpbWFnZXMtaW52ZXN0b3ItdXNlcy10YWJsZXQtYW5kLXBob25lLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>从 Yandex 到 Nebius</h2>
<p>首先，让我们更仔细地看看 Nebius 的业务。该公司目前的形态并没有存在很长时间。它的起源在于 Yandex，这家公司去年出售了其俄罗斯业务，重新命名为 Nebius，将总部迁至阿姆斯特丹，并将重点从一般技术和互联网转向提供新云服务。</p>
<p>新云专注于 AI 基础设施，因此它与提供各种基于云服务的一般云服务提供商有所不同。该业务还为客户提供按需租用其图形处理单元（GPU）驱动的计算能力。这为客户节省了时间和金钱，因为他们不必投资昂贵的 GPU 并建设基础设施。他们可以简单地转向像 Nebius 这样的公司。</p>
<p>到目前为止，Nebius 的增长表明客户对这种服务的认可。该公司在最近一个季度报告了 625% 的收入增长，并根据观察到的需求，将其年化收入运行率指引从之前的 7.5 亿美元至 10 亿美元上调至 9 亿美元至 11 亿美元的范围。需要记住的是，分析师预计今天的十亿美元 AI 市场在几年内将超过 2 万亿美元。因此，Nebius 可能在其增长故事的早期阶段。</p>
<h2>Nebius 与 CoreWeave</h2>
<p>在新云领域，Nebius 面临来自 <strong>CoreWeave</strong> 的竞争，但 Nebius 的业务略有不同，因为它还为 AI 客户提供托管服务，而 CoreWeave 则专注于租赁计算资源。因此，这两个参与者都有可能继续争夺市场份额并取得成功。对计算能力的需求强劲，客户需要多种服务。这对 Nebius 和 CoreWeave 这样的公司来说都是好消息，因为这意味着在这场 AI 革命中将会有不止一个赢家。</p>
<p>另一个表明这两家公司潜力的迹象是，AI 领导者 <strong>Nvidia</strong> 已经投资，持有这两家云公司的股份。</p>
<p>当然，Nebius 的股票今年上涨了不少，但需要记住的是，尽管公司的收入增长百分比巨大，但在过去一个季度的收入为 1.05 亿美元，仍然足够低，留有很大的增长空间。这一切都支持了股票在未来几年可能有上涨空间的观点。</p>
<h2>你应该购买 Nebius 吗？</h2>
<p>现在让我们回到问题：Nebius 的股票现在值得购买吗？这取决于你的投资策略和对风险的承受能力。如果你是一个谨慎的投资者，想要参与 AI 主题，购买像 <strong>Microsoft</strong> 或 <strong>Amazon</strong> 这样的大型云服务公司的股票可能是更好的选择。尽管它们在 AI 方面参与很深，但它们的云业务提供许多其他服务，这些公司也有长期的盈利增长记录。</p>
<p>如果你是一个激进的投资者，不介意与新技术（如 AI）相关的风险——例如，任何潜在的支出放缓或技术挫折——那么现在仍然是进入 Nebius 的好时机。如果 AI 故事如分析师预测的那样展开，该公司可能会看到更爆炸性的收入增长，这可能会导致未来几年的股票表现优异。</p>

NBIS

<p>Nebius Group (NBIS) 今年的股价增长了惊人的 300%，这得益于其对人工智能基础设施和服务的专注。该公司报告了 625% 的收入增长，将其年度收入指引提高至 9 亿至 11 亿美元。尽管它与 CoreWeave 竞争，但两家公司都可以在不断增长的人工智能市场中蓬勃发展。投资者应考虑他们的风险承受能力：谨慎的投资者可能更倾向于像微软或亚马逊这样的成熟企业，而激进的投资者可能会发现 Nebius 是一个未来增长的吸引人机会</p>

<p><strong>Nebius Group</strong>(NBIS 4.54%) has been one of the most exciting stock market stories of the year so far. The company operates in the red-hot growth space of artificial intelligence (AI), offering AI customers something they need more than anything else right now: access to compute to run their workloads.</p>
<div class="lb-trans"><p><strong>Nebius Group</strong>(NBIS 4.54%) 迄今为止是今年最令人兴奋的股市故事之一。该公司在人工智能（AI）这一炙手可热的增长领域运营，为 AI 客户提供他们目前最需要的东西：访问计算资源以运行他们的工作负载。</p>
</div><p>These customers have rushed to Nebius, and that's resulted in soaring revenue in recent times. The stock price has followed, with Nebius surging more than 300% this year. You might worry, though, that after such an increase, the most lucrative part of this story for investors may be in the past. Still, we're in the early stages of AI growth as players continue to build out infrastructure and are just getting started when it comes to actually applying AI to real world situations.</p>
<div class="lb-trans"><p>这些客户纷纷涌向 Nebius，导致最近收入飙升。股价也随之上涨，Nebius 今年上涨超过 300%。不过，你可能会担心，在如此大幅上涨之后，投资者最有利可图的部分可能已经过去。然而，我们仍处于 AI 增长的早期阶段，各大参与者继续建设基础设施，并刚刚开始将 AI 应用于现实世界的情况。</p>
</div><p>Against this backdrop, is Nebius stock a buy now? Let's find out.</p>
<div class="lb-trans"><p>在这种背景下，Nebius 的股票现在值得购买吗？让我们来看看。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mzc0OTQvZ2V0dHlpbWFnZXMtaW52ZXN0b3ItdXNlcy10YWJsZXQtYW5kLXBob25lLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F837494%2Fgettyimages-investor-uses-tablet-and-phone.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>From Yandex to Nebius</h2>
<div class="lb-trans"><h2>从 Yandex 到 Nebius</h2>
</div><p>So, first, let's take a closer look at Nebius' business. The company, in its current form, hasn't been around for very long. Its origins are in Yandex, a company that sold off its Russian businesses last year, renamed itself Nebius, shifted its headquarters to Amsterdam, and refocused from general technology and internet to offering neocloud services.</p>
<div class="lb-trans"><p>首先，让我们更仔细地看看 Nebius 的业务。该公司目前的形态并没有存在很长时间。它的起源在于 Yandex，这家公司去年出售了其俄罗斯业务，重新命名为 Nebius，将总部迁至阿姆斯特丹，并将重点从一般技术和互联网转向提供新云服务。</p>
</div><p>Neocloud specializes in infrastructure for AI, so it stands out from general cloud providers that offer a wide variety of cloud-based services. And this business also offers customers the ability to rent its graphics processing unit (GPU)-powered compute as needed. This saves them time and money because they don't have to invest in expensive GPUs and build out infrastructure. They can simply turn to a player like Nebius.</p>
<div class="lb-trans"><p>新云专注于 AI 基础设施，因此它与提供各种基于云服务的一般云服务提供商有所不同。该业务还为客户提供按需租用其图形处理单元（GPU）驱动的计算能力。这为客户节省了时间和金钱，因为他们不必投资昂贵的 GPU 并建设基础设施。他们可以简单地转向像 Nebius 这样的公司。</p>
</div><p>Nebius' growth so far shows customers appreciate this sort of offering. The company in the most recent quarter reported a 625% increase in revenue and, based on the demand it's observed, increased its annualized revenue run-rate guidance to the range of $900 million to $1.1 billion from an earlier forecast for $750 million to $1 billion. It's important to keep in mind that analysts expect today's billion-dollar AI market to reach beyond $2 trillion a few years from now. So Nebius could be very early in its growth story.</p>
<div class="lb-trans"><p>到目前为止，Nebius 的增长表明客户对这种服务的认可。该公司在最近一个季度报告了 625% 的收入增长，并根据观察到的需求，将其年化收入运行率指引从之前的 7.5 亿美元至 10 亿美元上调至 9 亿美元至 11 亿美元的范围。需要记住的是，分析师预计今天的十亿美元 AI 市场在几年内将超过 2 万亿美元。因此，Nebius 可能在其增长故事的早期阶段。</p>
</div><h2>Nebius and CoreWeave</h2>
<div class="lb-trans"><h2>Nebius 与 CoreWeave</h2>
</div><p>Nebius, in the neocloud space, faces competition from <strong>CoreWeave</strong>, but Nebius' business is a bit different because it also offers managed services for AI customers, while CoreWeave focuses on renting out compute. So, it's very possible that both of these players can continue to carve out market share and win. Demand for capacity is strong, and customers require a variety of services. All of this is great news for companies like Nebius and CoreWeave because it means there will be more than one winner in this AI revolution.</p>
<div class="lb-trans"><p>在新云领域，Nebius 面临来自 <strong>CoreWeave</strong> 的竞争，但 Nebius 的业务略有不同，因为它还为 AI 客户提供托管服务，而 CoreWeave 则专注于租赁计算资源。因此，这两个参与者都有可能继续争夺市场份额并取得成功。对计算能力的需求强劲，客户需要多种服务。这对 Nebius 和 CoreWeave 这样的公司来说都是好消息，因为这意味着在这场 AI 革命中将会有不止一个赢家。</p>
</div><p>Another sign of both companies' potential: AI leader <strong>Nvidia</strong> has invested, holding shares in both of these cloud companies.</p>
<div class="lb-trans"><p>另一个表明这两家公司潜力的迹象是，AI 领导者 <strong>Nvidia</strong> 已经投资，持有这两家云公司的股份。</p>
</div><p>Of course, Nebius stock has climbed quite a bit this year, but it's important to keep in mind that though the company's revenue growth percentage is enormous, the level of revenue -- at $105 million this past quarter -- still is low enough to leave plenty of room for growth. All of this supports the idea that the stock may have room to run in the years to come.</p>
<div class="lb-trans"><p>当然，Nebius 的股票今年上涨了不少，但需要记住的是，尽管公司的收入增长百分比巨大，但在过去一个季度的收入为 1.05 亿美元，仍然足够低，留有很大的增长空间。这一切都支持了股票在未来几年可能有上涨空间的观点。</p>
</div><h2>Should you buy Nebius?</h2>
<div class="lb-trans"><h2>你应该购买 Nebius 吗？</h2>
</div><p>Now let's get back to our question: Is Nebius stock a buy right now? This depends on your investment strategy and comfort with risk. If you're a cautious investor and you want to get in on the AI theme, buying shares of a bigger cloud player like <strong>Microsoft</strong> or <strong>Amazon</strong> might be a better choice for you. Though they are heavily involved in AI, their cloud businesses offer many other services, and these companies also have long track records of earnings growth.</p>
<div class="lb-trans"><p>现在让我们回到问题：Nebius 的股票现在值得购买吗？这取决于你的投资策略和对风险的承受能力。如果你是一个谨慎的投资者，想要参与 AI 主题，购买像 <strong>Microsoft</strong> 或 <strong>Amazon</strong> 这样的大型云服务公司的股票可能是更好的选择。尽管它们在 AI 方面参与很深，但它们的云业务提供许多其他服务，这些公司也有长期的盈利增长记录。</p>
</div><p>If you're an aggressive investor who doesn't mind the risks linked to newer technologies like AI -- for example, any potential slowdown in spending or a technology setback -- then now still is a great time to get in on Nebius. If the AI story unfolds as analysts predict, the company could see more explosive revenue growth ahead, and this may lead to winning stock performance in the years to come.</p>
<div class="lb-trans"><p>如果你是一个激进的投资者，不介意与新技术（如 AI）相关的风险——例如，任何潜在的支出放缓或技术挫折——那么现在仍然是进入 Nebius 的好时机。如果 AI 故事如分析师预测的那样展开，该公司可能会看到更爆炸性的收入增长，这可能会导致未来几年的股票表现优异。</p>
</div>

Nebius 的股票现在是否值得购买？