Is This Underrated Artificial Intelligence (AI) Infrastructure Stock the Next Nvidia?

Core Insights - Nvidia has significantly benefited from the AI revolution, with its GPUs being central to AI development, leading to a 1,000% increase in shares over the last three years and a market cap of $4.6 trillion, making it the most valuable company globally [1][2]. Company Overview - Nebius Group is emerging as a potential competitor in the AI infrastructure space, providing neocloud services that allow access to GPU clusters through cloud-based infrastructure [3][6]. - Nebius has established data centers equipped with Nvidia chips, enabling companies to rent capacity instead of purchasing hardware directly, thus saving time and capital [7]. Market Dynamics - The demand for Nvidia's GPUs remains high, with big tech companies investing heavily in data centers. Nebius has secured over $20 billion in neocloud contracts recently, indicating strong market traction [5][10]. - As hyperscalers increasingly seek infrastructure services, Nebius is positioned on a growth trajectory, with an annualized run-rate revenue of $551 million as of September [9][11].