Investors Who Rotated Out of Tech Are Already Regretting It. This Artificial Intelligence (AI) Growth Stock Is Up Double Digits in May.

2026-05-08 15:05:00 ET

When tariff anxiety peaked in early April, the rotation out of high-growth technology stocks was swift and decisive. Capital poured into consumer staples, utilities, and short-duration bonds. For those of you who exited positions in Nebius Group (NASDAQ: NBIS) during that period, May has been a difficult month to watch. The stock is becoming somewhat of a darling and has risen more than 35% since May began, closing at $195.09 on May 6 -- up 10% on the day alone. The artificial intelligence (AI) infrastructure build-out did not pause for the macro debate.

Image source: Getty Images.

Nebius is an AI-native cloud company, not a cloud provider that added AI features, but a company built from the ground up to run GPU clusters for machine learning workloads. That distinction sounds super niche, but it matters more than it sounds. Legacy cloud providers like Amazon Web Services and Microsoft Azure carry decades of infrastructure designed for general-purpose compute. Nebius built its stack entirely for AI training and inference, which means denser GPU configurations, lower node-to-node latency, and a software layer engineered for the way large language models consume compute.

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