When MarketBeat first began writing about Nebius Group (NASDAQ: NBIS) in December 2024, the company was described as one of the most exciting small-cap plays in the AI infrastructure space. At the time, the stock had just surged nearly 45% in a single week following a $700 million private placement involving NVIDIA (NASDAQ: NVDA) and Accel. Revenue was running at an annualized rate of $120 million. The company had no widespread formal analyst coverage. And the forward guidance, projecting an annualized revenue run rate of $750 million to $1 billion by the end of 2025, was seen as ambitious by some.
Today, Nebius is trading near its all-time high above $160, is up over 600% in the past year, and carries a market cap of over $39 billion. The ambition was justified.
