Meet the next AI darling that Citron Research's Andrew Left says can double. Nvidia is an investor and not a single Wall Street analyst covers the stock.

Citron Research's Andrew Left has been making some big calls lately. Recently, left was short on Michael Saylor's company, MicroStrategywhich suggests that the data company and large buyer of Bitcoin now trades independently of Bitcoin fundamentals. The call is interesting because Citron and Left said four years ago that MicroStrategy was the best way to gain exposure to Bitcoin, although part of the short thesis is due to expanding access to Bitcoin .

The left is making a bold new call today, saying it has found Wall Street's next successor. artificial intelligence (AI) Dear. The call came on the same day as the king of AI chips Nvidia participated in a $700 million private placement for the company that also included venture capital giant Accel and global investment firm Orbis Investments. Let's meet this potential new AI darling and see if it's as promising as Left says.

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Citron's cry and Nvidia's investment may be the first time you've heard of the AI ​​infrastructure company Nebius Group (NASDAQ:NBIS). How is this possible? Well, Nebius has had an interesting journey.

Until October, the stock had not been traded on public markets for three years. Indeed, the Amsterdam-based company was once owned by the Russian search engine giant called Yandex. After Russia invaded Ukraine, the United States imposed sanctions on Russian-affiliated companies. Earlier this year, the international assets were spun off from Yandex in a $5.4 billion deal. Nebius was found to have four divisions, including cloud, data labeling, self-driving automobiles, and educational technology, and Nebius began trading again on Nasdaq on October 21.

Nebius is part of a growing list of companies that lease their infrastructure to AI companies. Powering AI is expensive and power-intensive because it involves storing large amounts of data and hardware that powers the AI ​​language models. Nebius provides computing capacity, storage, and tools and services to developers. The company's core AI platform is intended to handle massive AI workloads. Companies looking to develop AI capabilities can pay a subscription to use the infrastructure offered by companies like Nebius.

It didn't take long for investors to discover Nebius: the stock is up 55% over one year after Nvidia's announcement and the acquisition of Citron. In an article on the market did not understand its enormous potential – nor its undervaluation compared to CoreWeave.CoreWeave is another AI infrastructure company that is rumored to be preparing a public offering that could value the company at $35 billion. If Nebius trades at a 50% discount to CoreWeave, that would will result in a stock price of $60, according to Citron trading below $28 when Citron reported on December 3.

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