Forget Nebius Group: This Hyper-Growth Cloud Platform Is a Far Better Way to Play the AI Boom
2026-01-27 17:25:00 ET
Nebius (NASDAQ: NBIS) has been one of the market's hottest artificial intelligence ( AI ) stocks. It was once known as Yandex, which owned Russia's top search engine and other popular apps, before sanctions against Russia led it to suspend trading of its U.S.-listed shares in 2022.
Yandex subsequently divested its Russian assets, relocated to the Netherlands, and rebranded itself as Nebius, a cloud-based provider of AI infrastructure services. It resumed trading under its new ticker at $14.29 per share on Oct. 21, 2024, and it now trades at about $97.
Nebius's stock soared as it dazzled the market with its explosive growth rates. Its revenue surged 462% in 2024, and jumped another 437% year over year in the first nine months of 2025. Analysts expect its revenue to rise 373% for the full year, and grow at a CAGR of 274% over the following two years as it opens more data centers. With a market capitalization of $23 billion, it still looks reasonably valued at less than seven times this year's sales.
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