Nebius Group (NBIS) is no longer flying under-the-radar, behaving like one of the market’s newest AI gold rush stories. With Nvidia (NVDA) backing the company, Meta Platforms (META) signing a $27 billion contract, and revenue exploding, Nebius shares recently touched a new high of $233.73. NBIS stock has climbed 157% so far this year — and has surged 468% over the past 12 months.
Investors are beginning to see the company as a serious AI infrastructure contender. Here are three main reasons why Nebius stock is racing to new highs.