By Adam Spatacco
Publication Date: 2025-11-19 10:44:00
Big tech is pouring billions into artificial intelligence (AI) infrastructure, but not all the funds are going to Nvidia.
There’s arguably no other company that has benefited from the artificial intelligence (AI) revolution as much as Nvidia (NVDA +1.97%).
The company’s graphics processing units (GPUs) are the biggest keys igniting AI development — putting the company firmly at the center of hardware, software, and data center construction. In just the last three years, shares of Nvidia have risen by 1,000% — propelling the company’s market cap to $4.6 trillion, and making Nvidia the most valuable company in the world.
Following gains of this magnitude, growth investors are surely beginning to look for adjacent opportunities that could follow Nvidia’s path as infrastructure becomes the newest chapter in the broader AI narrative.
I’ll break down how a rising star called Nebius Group (NBIS +3.05%) is beginning to make waves in the AI landscape, and assess if the company could emerge as the next Nvidia.
Image source: Getty Images.
Are investors overlooking Nebius Group?
Over the last few years, big tech has spent hundreds of billions of dollars building data centers and outfitting these facilities with clusters of Nvidia’s GPUs. Demand for chips remains so intense that procurement can become compromised if Nvidia is not able to meet supply, or if customers are not able to meet the ever-rising costs this hardware commands.
This is where Nebius is able to lend a hand. The…
