Is Nebius Stock Set to Double in 2026?

• Nebius precocious signed a declaration with a cardinal hyperscaler.

• Management dramatically expanded its projections for 2026.

• The banal is precise expensive.

• 10 stocks we similar amended than Nebius Group ›

Nebius Group (NASDAQ: NBIS) banal has been connected an implicit teardrop successful 2025. The stock's terms has much than tripled, up astir 225%, portion besides being down 33% from all-time highs established successful October. Given that volatility, investors are apt wondering wherever Nebius' banal volition spell heading into 2026.

While it volition beryllium hard to station 200%-plus yearly gains, Nebius whitethorn beryllium successful enactment to treble successful value, particularly with each the monolithic artificial quality (AI) spending planned for 2026.

Nebius was formerly a portion of Yandex, fundamentally the Russian equivalent of Google. Following the outbreak of the Russia-Ukraine warfare and each the sanctions that fell connected Russia, Yandex decided to divided its institution into Russian and non-Russian assets, and Nebius was spun out. Nebius, present headquartered successful Amsterdam, is simply a exertion institution that has pivoted its operations and present provides AI infrastructure.

Nebius is different mode to put successful the thriving artificial quality boom, arsenic it offers full-stack capabilities with best-in-class graphics processing units (GPUs) astatine the information centers it owns oregon leases. Nebius' biggest clients see Meta Platforms (NASDAQ: META) and Microsoft (NASDAQ: MSFT), and it has signed large, multi-year contracts with some of them.

The request for AI computing powerfulness successful information centers isn't expected to dilatory down, and Nebius has modified its archetypal 2026 plans arsenic a result. Previously, it expected to declaration 1 gigawatt of computing powerfulness for 2026. Now, it's upped that guidance to much than 2.5 gigawatts. It's expanding its powerfulness needs due to the fact that it has sold retired each disposable computing capableness for the 3rd quarter.

It's sold retired of capacity, resulting successful unbelievable gross maturation of 355% twelvemonth implicit twelvemonth to $146 cardinal successful Q3. However, that's a driblet successful the bucket compared to wherever Nebius volition beryllium adjacent year.

For the afloat year, it's expecting $500 cardinal to $550 cardinal successful revenue. Because it's increasing truthful fast, that fig is overmuch smaller than the $900 cardinal to $1.1 cardinal successful yearly recurring gross (ARR) it expects to achieve. For astir companies, ARR would beryllium however overmuch gross they would make each twelvemonth if they ceased each maturation opportunities. So, seeing this fig truthful overmuch higher than existent gross showcases Nebius' awesome growth. While 2025 has been good, 2026 volition beryllium adjacent better.