Investors expect volatile Nasdaq return for AI firm split from Russia's Yandex

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Investors in Amsterdam-based Nebius Group expect volatile trading on Monday when the AI infrastructure firm’s Nasdaq listing, formerly held by Yandex, often dubbed “Russia’s Google”, is revived following a lengthy suspension. Trading was suspended soon after Russia’s February 2022 invasion of Ukraine, when the stock traded under Yandex’s ticker through its Amsterdam-based parent company. In July, Nebius emerged following a $5.4 billion deal to split Yandex’s Russian and international assets.