Nebius Vs. Navitas: Two Nvidia Darlings With Diverging AI-Driven Fortunes (NASDAQ:NVTS)

Summary

• Nebius and Navitas, despite catering to different industries, have emerged as market AI favourites, reinforced by their respective tie-ups with AI juggernaut Nvidia.
• Both stocks have experienced multifold appreciations in the LTM, with Navitas most recently catching up after disclosing it's become a key power supplier for Nvidia's next-generation 800V HVDC architecture.
• Yet fundamentals remain the key driver of premium valuations. With both stocks diverging on this aspect, only one is poised to excel from current levels.
• The following analysis will dive into the drivers of each of Nebius and Navitas' AI-driven upsurges and dissect the fundamental strength of each to gauge their respective valuation outlooks.

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