Amsterdam-based Nebius Group closed 5.6% higher on Monday, recovering from huge early losses when trading for the first time since February 2022, as the AI infrastructure firm's Nasdaq listing, formerly held by Yandex,

(Reuters) -AI infrastructure firm Nebius Group expects to make annual recurring revenue of $500 million to $1 billion in 2025, the company said on Friday before trading of its shares resumes on Nasdaq on Monday after a lengthy suspension.

Nebius, Yandex 2.0, will begin trading on the public markets once more -- two years after the Nasdaq halted trading due to sanctions.

AI infrastructure firm Nebius Group said on Thursday its shares will resume Nasdaq trading on Monday after being halted following Russia's February 2022 invasion of Ukraine.

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.