Nebius Group (NASDAQ: NBIS) has been one of the most extraordinary stories in the market over the past year, and this week the momentum has kicked into another gear entirely. The stock closed Monday, May 4, at a new all-time high of $176.42, up over 14% on the day and about 600% over the prior 12 months.
For investors who have followed the Nebius story since its early days as a small-cap AI infrastructure play with minimal analyst coverage and $120 million in annualized revenue, the transformation has been nothing short of remarkable.
