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Jim Cramer Says “Nebius is Too Speculative for Me”
Nebius Group N.V. (NASDAQ:NBIS) is one of the stocks on Jim Cramer’s radar recently. When a caller expressed interest in the stock during the lightning round, Cramer remarked:
“Okay, Nebius is too speculative for me. It’s losing money. Why not just go with Dell? Dell’s a terrific company. The stock is down very big. Buy some now, buy some after the earnings, and I think you’ll be in terrific shape.”
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Nebius Group N.V. (NASDAQ:NBIS) builds full-stack AI infrastructure with large GPU systems, cloud tools, data support, and tech training. It also develops autonomous driving technology. When a caller asked about the stock during the November 3 episode, Cramer replied:
Jim Cramer: This Communication Services Stock Is 'Too Speculative'
Nebius Group N.V. (NASDAQ:NBIS) is losing money and is “too speculative,” according to Jim Cramer.
The “Mad Money” host recommends going with Dell Technologies Inc. (NYSE:DELL) instead.
On the earnings front, Nebius, on Nov. 11, reported third-quarter revenue of $146.1 million. It missed analyst estimates of $155.11 million, according to Benzinga Pro.
The AI infrastructure company reported a third-quarter adjusted loss of 40 cents per share, beating estimates for a loss of 49 cents per share. Nebius also announced an at-the-market equity program for up to 25 million shares.
On CNBC's “Mad Money Lightning Round,” a listener asked about Kenvue Inc. (NYSE:KVUE). “I think it is a good situation, not a bad one,” Cramer responded.
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