15 Software Infrastructure Stocks Outperforming In 2025

7. Nebius Group N.V. (NASDAQ:NBIS)

Nebius Group N.V. is a technology company that builds full-stack infrastructure to facilitate the AI industry. The company’s business includes Toloka AI, Nebius, Avride, and TripleTen. The stock is up 37% YTD and much of that has to do with developments related to AI and DeepSeek.

Nebius isn’t profitable yet but could be by the start of next year. It has no debt, nearly $3 billion in cash, and operates in an industry that is seeing a huge demand. This is exactly the time when institutional investors start looking into companies. One of its investors is the GPU giant Nvidia so the company is clearly on the radar of many investors.

Just a couple of months ago, Citron Research had great words for the company’s CEO Arkady Volozh, calling him ‘the real deal’:

A sleeper with no analyst coverage yet, the market hasn’t caught on to its massive potential—or its undervaluation vs. CoreWeave.

When this report was revealed, the stock was already up 35%. Since then, it has become an extremely volatile share as more people notice the company and start looking into it. Despite the volatility, shares continue to trade 37% higher since the start of this year.