1. Nebius Group N.V. (NASDAQ:NBIS)
Number of Hedge Fund Holders: 66
Nebius Group N.V. (NASDAQ:NBIS) is a European technology company specializing in AI infrastructure and services. Headquartered in Amsterdam, it operates globally with R&D hubs across Europe, North America, and Israel. The company’s core business offers an AI-centric cloud platform designed for intensive AI workloads, providing large-scale GPU clusters, cloud services, and developer tools. Its subsidiaries include Toloka, a data partner for generative AI development; TripleTen, an edtech platform for tech career reskilling; and Avride, which develops autonomous driving technology for self-driving vehicles and delivery robots.
Nebius Group N.V. (NASDAQ:NBIS), which publicly launched less than a year ago, has established itself as the first publicly traded AI specialized cloud. The company successfully raised $700 million in capital through an oversubscribed offering in December, attracting investors like NVIDIA, Accel, and Orbis. Based on existing contracts, the company projects an annualized March run rate revenue of at least $220 million, with additional potential contracts in the pipeline. The company is targeting a December 2025 annualized run rate revenue of $750 million to $1 billion, which management believes is well within reach.
In terms of infrastructure, Nebius Group N.V. (NASDAQ:NBIS) has expanded its data center footprint with facilities in Finland, France, Iceland, and Kansas City, with current capacity reaching around 30,000 GPUs, most of which are H200s. The company has secured facilities potentially scalable to more than 300 megawatts and is working on further expansion, focusing on greenfield sites in the US and Europe. Additionally, NBIS’s business units are showing strong performance, with Avride securing partnerships with Uber and Grubhub, Toloka growing full-year revenue by 140%, and TripleTen doubling its new student additions year-over-year in 2024. For 2025, management projects revenue in the range of $500 million to $700 million, with EBITDA expected to remain negative for the full year but reaching breakeven at some point during the year. With strong guidance ahead, NBIS is one of the stocks with the potential to 10x in the future.
Overall, Nebius Group N.V. (NASDAQ:NBIS) ranks first on our list of the 10 stocks with potential to rise 1000 percent. While we acknowledge the potential of NBIS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher 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.
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