Nebius, formerly Yandex, is now an Amsterdam-based provider of artificial intelligence (AI) infrastructure services. The company’s shares were suspended in 2022 due to Russia sanctions but have since rebounded. Today, its stock trades at over $100, driven by the explosive growth of the AI market.
Nebius operates a remote data center approach, leasing additional centers in various locations and installing Nvidia GPUs for clients to process machine learning tasks remotely. The company differentiates itself from competitors like CoreWeave by integrating managed software services into its data centers.
In 2024, Nebius’ revenue surged 462% to $117.5 million, but its adjusted earnings came in at negative $266.4 million. However, the company expects to generate an annualized run rate of $7 billion to $9 billion in revenue by 2026, driven by massive deals with Microsoft and Meta Platforms.
Analysts expect Nebius’ revenue to rise 392% to $578.2 million in 2025, 191% to $1.68 billion in 2026, and 158% to $4.34 billion in 2027. The company’s market cap is currently $25.7 billion, trading at 15 times next year’s sales. If Nebius meets analysts’ expectations and commands a higher valuation, its market cap could increase more than 150% to $65.1 billion over the next 12 months.
Note: I simplified the text by removing technical terms like “EBITDA” and explaining them in simpler language. I also condensed some sections and removed unnecessary details to make the article more concise.
Source: https://www.fool.com/investing/2025/11/16/where-will-nebius-stock-be-in-1-year