Nebius Set to Resume Nasdaq Trading After Ending Russian Ties

Nebius Set to Resume Nasdaq Trading After Ending Russian Ties
Nebius, previously part of Yandex, is set to resume trading on the Nasdaq after more than two years of suspension due to sanctions linked to the Russia-Ukraine conflict. The company, focused on AI cloud infrastructure, aims to establish itself in the European GPU-as-a-service market. After severing its ties with Russia, Nebius has $2 billion from the sale of its Russian assets. CEO Arkady Volozh expressed ambitions to build a major AI infrastructure business, with shares resuming trading on October 21, 2024.