By Harsh Chauhan
Publication Date: 2026-05-07 07:31:00
On March 11, Nvidia announced that it would invest $2 billion in Nebius Group (NBIS +10.90%), a neocloud company that offers dedicated artificial intelligence (AI) data centers and software solutions to companies looking to run AI workloads in the cloud.
Nebius stock has jumped by 57% since that investment was revealed. However, the good news for investors is that it isn’t too late to buy shares of this fast-growing cloud infrastructure provider, which is witnessing remarkable growth in revenue and has a massive backlog that could ensure years of healthy growth.
In fact, don’t be surprised if Nebius becomes a multibagger from here.
Image source: The Motley Fool.
Nebius is targeting the next wave of AI applications
Nebius’ dedicated AI data centers are being used by hyperscalers including Meta Platforms and Microsoft. Lucrative long-term deals with these tech giants have pushed Nebius’ revenue backlog to a whopping $46 billion.
Today’s Change
(10.90%) $19.17
Current Price
$195.09
Key Data Points
Market Cap
$49B
Day’s Range
$175.11 – $195.99
52wk Range
$27.20 – $195.99
Volume
72K
Avg Vol
16M
Gross Margin
-765.63%
Not surprisingly, the company is focused on adding more cloud computing capacity. Nebius recently announced that it will construct a 310-megawatt (MW) AI factory in Finland. Management added that it aims to end 2026 with 3 gigawatts (GW) of contracted power, which will enable it to significantly enhance its operational data center capacity in the long run.
Nebius’ active…
