Nebius Group (NBIS) has become one of the hottest names in the artificial intelligence infrastructure market. The AI cloud company has delivered explosive growth over the past year, but the ride has been anything but smooth.
After soaring more than 231% over the last 12 months and 111% year-to-date (YTD), Nebius recently pulled back sharply following concerns over rising competition after Meta (META) revealed plans to monetize excess AI computing capacity.