By Harsh Chauhan, The Motley Fool
Publication Date: 2026-05-07 07:51:00
On March 11, Nvidia announced that it would invest $2 billion in Nebius Group (NASDAQ: NBIS), 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.
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In fact, don’t be surprised if Nebius becomes a multibagger from here.
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.
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…
