10 Best Performing Mid Cap Stocks to Buy According to Analysts

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1. Nebius Group (NASDAQ:NBIS)

Year-to-Date Performance as of February 24: 24.15%

Upside Potential as of February 24: 58.96%

Number of Hedge Fund Holders: 66

Nebius Group (NASDAQ:NBIS) specializes in building comprehensive infrastructure for the global AI industry. This encompasses AI-centric cloud platforms, data services, educational programs, and autonomous driving technology. It supports the development and deployment of advanced AI applications.

It’s driving its growth through the AI infrastructure business, which is centered on providing GPU-based compute and cloud services. It’s expanding its data center footprint, with new deployments in Iceland and Kansas City, and plans for a custom-designed US data center. This expansion supports the increasing demand for AI computing resources. From this, the company projects a March 2025 analyzed run rate revenue of at least $220 million, with ambitions to reach $750 million to $1 billion by December 2025.

This growth is fueled by increased client acquisition and strong contracts already in place. Nebius Group (NASDAQ:NBIS) successfully raised $700 million in December 2024, attracting major investors like NVIDIA and Accel, and ended 2024 with $2.4 billion in cash. The company’s focus on its AI cloud and Inference-as-a-Service platforms therefore positions it as a key player in the rapidly growing AI infrastructure market.

While we acknowledge the growth potential of Nebius Group (NASDAQ:NBIS), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NBIS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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