(Reuters) – AI framework company Nebius Group anticipates to make yearly reoccuring profits of $500 million to $1 billion in 2025, the business stated on Friday prior to trading of its shares returns to on Nasdaq on Monday after an extensive suspension.
Trading was put on hold not long after Russia’s February 2022 intrusion of Ukraine, when the supply was traded under the ticker of Russian web titan Yandex with its Amsterdam- based moms and dad business. In July, Nebius arised complying with a $5.4-billion offer to split Yandex’s Russian and global possessions.
(Reporting by Alexander Marrow)
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