Key Points Nebius achieved 454% revenue growth in its most recent quarter. The stock is trading at a steep premium, based on its expected future earnings. Rising interest rates and calls to slow AI development, however, could impact demand in the near term. 10 stocks we like better than Nebius Group › Nebius Group (NASDAQ:NBIS) has been one of the hottest artificial intelligence (AI) stocks to own this year, as it has more than doubled in value. Entering this week, it was up over 170% since the start of 2026. The company rents out AI compute power to its customers, and demand has been through the roof. However, the hype around the neocloud stock has cooled a bit, as it's down more than 20% from its 52-week high of just under $300.
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