We recently published 14 Stocks Jim Cramer Discussed As He Shared Insights For Nuclear And Quantum Stocks. Nebius Group N.V. (NASDAQ:NBIS) is one of the stocks Jim Cramer recently discussed.
As the conversation focused on speculative stocks, Nebius Group N.V. (NASDAQ:NBIS) came to Cramer’s attention. The shares have gained 247% year to date, and Cramer’s previous remarks about the firm have pointed out that while the firm has good contracts and a relationship with Microsoft, it continues to lose money. In this appearance, while discussing Nebius Group N.V. (NASDAQ:NBIS) partnership with Uber to invest $375 million in an autonomous delivery company, he warned viewers about a lockup expiration period:
“Take a look at Nebius. Okay. Which is a kind of a smaller scale, Michael Dell. . .alright so they announced a terrific thing today, that’s NBIS, they announced a robotaxi. . .with Uber. . .but they have an October 26 lockup expiration. This is very 2000 and that’s a big deal. . .then you have a lockup expiration and everybody who’s in, gets a such great price. So please be careful. Am I being too cautionary? I am not being cautionary.”
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Disclosure: None. This article is originally published at Insider Monkey.
