Is Nebius Group a Millionaire-Maker Stock Amid AI Hype?
Generative AI remains the dominant force in technology, with Nebius Group (NBIS) surging 390% since early 2025. The Russian-turned-European firm has pivoted from its legacy business to focus exclusively on AI infrastructure and cloud computing, leasing GPU clusters to startups and enterprises. Second-quarter revenue skyrocketed 625% year-over-year to $105.1 million, fueled by insatiable demand for compute resources.
Nebius's strategic divestment from Russia and Western repositioning mirrors the tectonic shifts in global tech supply chains. Its aggressive capex plans for US and European data centers suggest confidence in sustaining this momentum—though geopolitical risks linger like unpatched vulnerabilities in an outdated system.