Bank of America Is Betting That Nebius Stock Still Has 30% Upside Potential. Should You Buy It Here?

AI-focused infrastructure stocks have been red-hot as companies race to build massive GPU-based clouds. Smaller “neocloud” providers alongside giants like Microsoft (MSFT) and Nvidia (NVDA) are in a frenzy of deals and capacity builds. But now, there are also relatively new companies getting in focus along with big tech Gaints. 

One company drawing fresh interest is Nebius Group (NBIS). Recently, Bank of America initiated coverage with a “Buy” rating and a $150 price target. That calls for roughly 30% upside from current levels. The move follows a year when Nebius shares have surged on excitement over AI demand and big contracts.