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  5. NBIS: which do you see has more upside potential in the next few years? [Nebius Group N.V.]
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Q: which do you see has more upside potential in the next few years?
Asked by Maryon on August 25, 2025
5i Research Answer:

ZDC is significantly smaller, and that gives it a mathematical advantage as it is easier to grow. However we would also consider it riskier. But if only looking at pure potential we would side with ZDC.

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in NBIS.