TechCapsules

AI-summarised brief · reviewed before publication

Benninga Rankings provide vital metrics on any stock, offering insights that investors can leverage to make informed decisions. While some investors may be deterred by Jim Cramer's skepticism, others are taking a contrarian approach, drawn to Nebius Group NV, an AI infrastructure startup with impressive backing from Nvidia Corp and ambitions reminiscent of Tesla Inc. Nebius has its U.S.-based subsidiary, Avride Inc., which was spun off from Yandex's self-driving car unit in 2020. Today, Avride is powering real-world robotaxis and delivery bots for Uber Technologies Inc and Uber Eats, with operations already live in Austin, Dallas, and Jersey City. Avride's self-driving vehicles, retrofitted Hyundai Ioniq 5s, are equipped with lidars, radars, and custom compute hardware, showcasing the company's focus on the "infrastructure stack" of autonomous mobility. Additionally, Avride is deploying sidewalk-speed delivery robots that can cross streets, navigate traffic lights, and are already in action in the U.S. and Seoul. In March 2025, Nebius struck a strategic partnership with Hyundai to develop commercial robotaxis, further bolstering its position in the market. The company is also manufacturing its delivery robots in Taiwan, giving it supply chain muscle to match its technical stack. However, Nebius's ambitions extend beyond its vehicles to controlling the AI infrastructure behind them. With Nvidia's blessing and without the baggage of legacy automakers, Nebius is aiming to become the sovereign AI operating system for autonomous mobility, one city and one robot at a time. Interestingly, Jim Cramer, the CNBC host, recently passed on the stock, which for some investors is a bullish signal in itself. In a market that often chases hype, Nebius's unique value proposition and impressive partnerships may make it an attractive play for contrarian investors.