Nebius Group N.V.(US:NBIS) Yahoo Finance·2025-12-25 12:30Core Insights - The next wave of AI investment may favor smaller infrastructure companies rather than large mega-cap stocks as demand shifts towards cloud capacity, compute power, and AI-ready data centers [1] Company Overview - Nebius (NBIS), based in Amsterdam, offers full-stack cloud and GPU-accelerated AI infrastructure across Europe and North America, focusing on sustainable data centers and AI-optimized compute clusters [4] - The company emerged from the restructuring of the former Yandex infrastructure business and has expanded into autonomous vehicles and education technology [4] Market Performance - Nebius is valued at approximately $23 billion and has seen a significant stock performance, gaining around 225% year-to-date, with shares peaking above $140 in October [5] - The stock's rally was partly driven by Nvidia's disclosed stake in the company and new contracts with major tech firms like Microsoft and Meta [5] Valuation Metrics - Nebius currently trades at a trailing price-to-sales multiple in the mid-50s, significantly higher than the sector median of around 4x and its own historical average of 24x [6] - The market is pricing Nebius as a potential cornerstone of AI infrastructure, indicating high expectations for future growth [7]