Nebius Group Stock: The Crypto-Adjacent Investment That’s Making Traders Rethink Everything

Forget everything you thought you knew about traditional tech investments.

Nebius Group represents something different—a bridge between conventional computing infrastructure and the explosive world of Web3. While crypto purists chase the next memecoin, smart money's looking at the picks-and-shovels plays.

The Infrastructure Gold Rush

Every blockchain transaction, every NFT mint, every DeFi protocol runs on someone's servers. Nebius built the backbone while everyone else was chasing shiny objects. Their cloud infrastructure handles the computational heavy lifting that makes crypto actually work—without the regulatory headaches of holding actual digital assets.

Numbers Don't Lie

Their recent earnings showed enterprise adoption growing faster than Bitcoin's 2021 rally. Institutional clients are flooding in—hedge funds, trading firms, even traditional finance giants dipping their toes into digital assets. They're all using Nebius infrastructure while maintaining plausible deniability with their compliance departments.

The Cynical Take

Let's be real—this lets Wall Street types claim they're 'innovating' while actually just running more efficient servers. They get the crypto upside without having to explain to their golf buddies what a smart contract actually does.

Bottom line: Nebius might be the smartest way to bet on crypto's future without ever touching a wallet. Sometimes the real money isn't in finding gold—it's in selling the shovels to all the desperate prospectors.

Behind Nebius Group's meteoric success

Nebius Group conducted its initial public offering (IPO) in October 2024. However, the company's roots go back much further than that.

It was originally part of the Russian search-engine giant Yandex. After Russia's invasion of Ukraine in 2022, founder Arkady Volozh resigned as Yandex's CEO but retained control of the Dutch holding company that owned it. Volozh spearheaded the holding company's rebranding as Nebius Group, with a focus on AI infrastructure.

That decision looks brilliant in retrospect. The demand for AI data centers has soared, fueled largely by the rapid development of generative AI applications. Nebius Group isn't as big as some of its rivals, but customers have flocked to its large-scale GPU clusters in Europe and the U.S.

The company's AI cloud platform offers top-tier performance, reliability, and scalability. Nebius Group provides a wide range of software and services that help organizations build and deploy AI models. Its ISEG2 system ranks as the fastest commercially available supercomputer in Europe and No. 13 worldwide.

While AI infrastructure is Nebius Group's main business, the company is involved in other areas, as well. Nebius Group has two subsidiaries, autonomous driving technology-innovator Avride and technology education platform TripleTen. It also owns stakes in open-source database company ClickHouse and curated AI data provider Toloka.

Nebius Group's business is booming. Revenue soared 625% year over year in the second quarter of 2025 and more than doubled from the previous quarter. The company expects to have an annualized revenue run rate of between $900 million and $1.1 billion by the end of 2025.

The "next great leap in technology"

Volozh recently wrote to shareholders, "[W]e stand at the brink of the next great leap in technology." He believes that the current AI infrastructure will need to be replaced and only a few companies have the financial resources and technological expertise to compete in this market. However, that small group includes Nebius.

The sheer number of new large language models (LLMs) being built is one key factor behind Nebius Group's growth prospects. It isn't just leading tech companies that are developing AI applications -- thousands of start-ups are scrambling to harness the power of AI, too.

Image source: Getty Images.

Importantly, the number of use cases for AI is growing by leaps and bounds, as well. For example, agentic AI holds the potential to automate workflows for many companies. Nebius Group sees this as a major driver of increased demand for AI infrastructure.

Investors can't ignore the AI advances that could be on the way, either. Several top AI companies are working hard on developing artificial general intelligence (AGI) and artificial superintelligence (ASI). If they're successful -- or even if they don't achieve their goals but still make significant progress -- the need for AI infrastructure could increase dramatically.

A once-in-a-lifetime opportunity?

I agree with Volozh's recent statement, "We are in the midst of a once-in-a-generation opportunity." But does that make investing in Nebius Group a once-in-a-lifetime opportunity? Maybe.

It's a mistake to underestimate how big a game changer AI could be. The demand for AI infrastructure will almost certainly increase over the next decade and beyond. Nebius Group won't be the only winner from this trend, but it should be one of them.