Nebius Stock Tripled in 2025. Is There More Growth Ahead in 2026?

Nebius Group (NASDAQ: NBIS) spent 2025 increasing its halfway artificial quality (AI) unreality infrastructure business. Investors took announcement arsenic the institution announced 2 large deals with hyperscalers, which helped merchantability retired the company's disposable information halfway capacity.

That led the banal to surge 202.2% for the year, according to information provided by S&P Global Market Intelligence.

Nebius provided investors with lofty estimates for gross maturation passim 2025. Even though the institution reported income of lone $105 cardinal successful Q2, absorption raised guidance for investors to expect an yearly gross tally complaint of up to $1.1 cardinal by the extremity of 2025. That's an incredibly abbreviated clip play for the institution to fundamentally triple its revenue.

There was bully crushed for that optimism, however. Nebius offers cutting-edge unreality computing services tailored for AI tasks. The involvement from a hyperscale unreality supplier similar Microsoft successful Nebius' information halfway AI infrastructure was a important awesome for investors. The companies announced an statement successful September valued astatine up to $19.4 billion, exceeding Nebius' full marketplace capitalization astatine the clip of the announcement. It demonstrates the important request for the AI infrastructure that Nebius provides.

Another woody with Meta Platforms was announced successful November. Nebius is acceptable to present AI infrastructure to Meta implicit 5 years, valued astatine astir $3 billion. Those agreements assistance explicate wherefore Nebius present expects its yearly gross tally complaint to detonate from astir $1 cardinal to betwixt $7 cardinal and $9 cardinal this year.

Nebius' halfway concern is AI unreality infrastructure, but it is besides expanding with 3 related businesses: Toloka, which partners connected AI information needs specified arsenic grooming and evaluation; a 2nd concern conception successful acquisition technology; and Avride, a shaper of autonomous vehicles and transportation robots.

That gives investors optionality arsenic those businesses besides proceed to grow. Avride, successful particular, could person a meaningful magnitude of upside. However, adjacent considering the imaginable aboriginal contributions from these different concern segments, investors person already priced successful a important magnitude of maturation for Nebius.