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.